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2019 Alaska Statutes
Title 29. Municipal Government
Chapter 47. Municipal Debt
Article 2. Bond Anticipation Notes.
Sec. 29.47.090. Issuance of notes.
Universal Citation:
AK Stat § 29.47.090 (2019)
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The governing body shall issue negotiable or nonnegotiable notes for the amounts borrowed with a maturity date not to exceed one year from the date of issue. All notes and the interest on them are payable at fixed places on or before 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.
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