Alaska Statutes.
Title 29. Municipal Government
Chapter 47. Municipal Debt
Section 450. Service Area Debt.
previous: Section 440. Borough Indebtedness.
next: Section 460. Debt For Improvement Area Projects.

AS 29.47.450. Service Area Debt.

The indebtedness of a service area acquired under AS 29.47.440 remains the indebtedness of the area that incurred the debt, notwithstanding a subsequent court determination that the service area was not validly formed under law or by virtue of a defect in the proceedings creating the service area. All property in the service area remains subject to taxation to pay the bonded indebtedness.

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