General provisions. — Alaska Code § 42.40.600
Alaska Code § 42.40.600 — General provisions.. Reproduced from the official Alaska Statutes, with a citation summary, verification link, and related provisions.
§ 42.40.600. General provisions.
(a) Upon receiving legislative approval under AS 42.40.285 the corporation may issue bonds by resolution to provide money to carry out its purposes.
(b) Bonds may be issued in one or more series and shall, as provided by the resolution of the board, (1) be dated;
(2) bear fixed or variable interest at a specified rate or rates per year or within a maximum rate;
(3) be in a specified denomination;
(4) be in a coupon or registered form;
(5) carry conversion or registration provisions;
(6) have a specified rank or priority;
(7) be executed in the specified manner and form;
(8) be payable as specified from the sources, in the medium of payment, and place or places inside or outside the state;
(9) be subject to authentication by a trustee or fiscal agent; and
(10) be subject to terms of redemption with or without premium.
(c) Bonds may be sold in the manner, on the terms, and at the price the board determines. Notes shall mature at the time or times determined by the board. Except for bond anticipation notes, notes, or other obligations, bonds shall mature at the time, not exceeding 50 years from their date, determined by the board.
Source: official Alaska text · Last verified 2026-08-27
At a glance
- Citation: Alaska Statutes § 42.40.600
- Jurisdiction: Alaska
- Code: Alaska Statutes
- Subject: General provisions.
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Alaska Statutes. Confirm it against the primary source before relying on it:
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Common questions
What is the source of Alaska Statutes § 42.40.600?
The text above is transcribed from the Alaska Statutes, the codified statutes of Alaska. The official publisher link appears under "Verify the text" on this page.
What subject does Alaska Statutes § 42.40.600 address?
It addresses "General provisions.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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