Section 37.15.573. Bond resolution.

Latest version.

The committee shall authorize the issuance of bonds by adopting a resolution and shall prepare all other documents and proceedings necessary for the issuance, sale, and delivery of the bonds or any part or series of them. The bond resolution must fix the principal amount, denominations, date, maturities, manner of sale, place or places of payment, rights of redemption, if any, terms, form, conditions, and covenants of the bonds or each series of them. A bond resolution may state terms, conditions, amounts, and other limitations on loans to be made from the Alaska clean water fund (AS 46.03.032) or the Alaska drinking water fund (AS 46.03.036), as appropriate, from the relevant bond proceeds.

Authorities

37.15.605;46.03.032;46.03.036

Notes

References

AS 37.15.605 Definitions.
AS 46.03.032 Alaska clean water fund.
AS 46.03.036 Alaska drinking water fund.

History

(Sec. 2 ch 141 SLA 1996; am Sec. 8 ch 61 SLA 2000)

                    
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