- Alaska Statutes.
- Title 37. Public Finance
- Chapter 15. Bonding
- Section 380. Sale of Notes.
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AS 37.15.380. Sale of Notes.
Notes issued under this chapter shall be sold by the state bond committee in the manner and at the price or prices as
it shall determine, at either public or private sale; however, a note sold under this chapter may not be sold for less
than par and accrued interest or at an interest rate exceeding 11 percent a year or that rate of interest that is 110
percent of the rate of Bond Buyer Index of 20 Municipal Bond Average Yields for the week previous to the date of sale
of the notes, whichever is higher.
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