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2017 Alaska Statutes
Title 37. Public Finance
Chapter 15. Bonding
Article 3. Bond Anticipation Notes
Sec. 37.15.310. Issuance of notes.
Universal Citation:
AK Stat § 37.15.310 (2017)
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The state bond committee shall issue notes for the amounts borrowed with a maturity date not to exceed one year from the date of issue. All the notes are payable at a fixed place, on or before a fixed time, or at a fixed time, from the proceeds of the sale of bonds, in anticipation of which the original note or notes were issued, unless the bonds have not been sold by the maturity date of the notes. Interest on the notes is payable at a fixed place, on or before a fixed time, out of appropriations made for the payment of interest on general obligation notes or bonds of the state.
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