- Alaska Statutes.
- Title 44. State Government
- Chapter 85. Alaska Municipal Bond Bank Authority
- Section 5. Legislative Findings.
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. Alaska Municipal Bond Bank Authority
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. Legislative Policy.
AS 44.85.005. Legislative Findings.
The legislature finds that
- (1) the rapid growth of municipalities in the state and the incorporation of new municipalities has created a demand for
capital improvements that can only be met by these municipalities borrowing money through the issuance of bonds or
- (2) many of these municipalities, although creditworthy, either have not issued bonds or notes or have little outstanding
- (3) the cost of borrowed money to these municipalities is or may be unnecessarily high due to lack of investor familiarity
with the municipalities;
- (4) other municipalities in the state pay unnecessarily high borrowing costs because of the distance of the state from
capital markets or may find borrowing difficult or impossible because of temporary economic dislocation due to loss of
employment or prospective loss of employment.
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