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2019 Alaska Statutes
Title 29. Municipal Government
Chapter 47. Municipal Debt
Article 6. Miscellaneous Provisions.
Sec. 29.47.450. Service area debt.
Universal Citation:
AK Stat § 29.47.450 (2019)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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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