Section 37.15.290. Definitions.

In AS 37.15.225 - 37.15.290,
        (1) "authority" means
             (A) the Knik Arm Bridge and Toll Authority established in AS 19.75.021 with respect to the Knik Arm bridge and its appurtenant facilities; or
             (B) an authority established by the legislature for any other toll bridge project;
        (2) "bond redemption fund" means the toll bridge revenue bond redemption fund established in AS 37.15.245;
        (3) "bond resolution" means a resolution adopted by the committee under AS 37.15.255 to authorize the issuance of bonds;
        (4) "bonds" means the toll bridge revenue bonds authorized in AS 37.15.225 - 37.15.290;
        (5) "committee" means the state bond committee created in AS 37.15.110, or any other committee, body, department, or officer of the state that succeeds to the rights, powers, duties, and obligations of the state bond committee by law;
        (6) "costs of issuance and administration" means all costs associated with issuance and administration of toll bridge revenue bonds and refunding bonds, including costs of bond printing, official statements, financial advisors, travel costs, rating agencies, bond insurance, letters and lines of credit for credit enhancement, underwriters, legal services, paying agents, bond registrars, bond and escrow trustees, arbitrage rebate, and all other costs, including administrative costs, both direct and indirect;
        (7) "reserve fund" means the toll bridge revenue bond reserve fund authorized in AS 37.15.260;
        (8) "revenue fund" means the toll bridge revenue fund established in AS 37.15.240.

Notes

History

(Sec. 12 ch 51 SLA 2014)