Section 29.45.100. No limitations on taxes to pay bonds.

Latest version.

The limitations provided for in AS 29.45.080  - 29.45.090 do not apply to taxes levied or pledged to pay or secure the payment of the principal and interest on bonds. Taxes to pay or secure the payment of principal and interest on bonds may be levied without limitation as to rate or amount, regardless of whether the bonds are in default or in danger of default.

Notes

History

(Sec. 12 ch 74 SLA 1985)

                    
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