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2019 Alaska Statutes
Title 29. Municipal Government
Chapter 47. Municipal Debt
Article 2. Bond Anticipation Notes.
Sec. 29.47.100. Issuance of new notes.
Universal Citation:
AK Stat § 29.47.100 (2019)
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If the sale of the bonds has not occurred before the maturity of the notes issued in anticipation of the sale, the governing body shall issue new notes in order to meet payment of the notes then maturing, or shall renew the outstanding bond anticipation notes. New notes issued or renewals of outstanding bond anticipation notes bear a maturity date not to exceed one year from the date of issue. Notes, new notes, and renewals of notes may not be outstanding for a total elapsed time of more than three years.
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