- Alaska Statutes.
- Title 29. Municipal Government
- Chapter 47. Municipal Debt
- Section 200. Payment.
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. Vote and Notice of Existing Indebtedness Required.
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. Revenue Bonds.
AS 29.47.200. Payment.
- (a) The full faith and credit of a municipality are pledged for the payment of principal and interest on general
obligation bonds. The municipality may levy ad valorem taxes for payment without limitation of rate or amount to pay
or secure the payment of the principal and interest on bonds, regardless of whether the bonds are in default or in
danger of default.
- (b) General obligation bonds issued for acquiring, constructing, improving and equipping a municipally owned utility or
other revenue-generating enterprise may be additionally secured by a pledge of the revenue derived from operation.
Bonds so secured are not subject to a debt limitation imposed by a home rule charter. This subsection applies to home
rule and general law municipalities.
Article 04. REVENUE BONDS
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