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Alaska Statutes.
Title 29. Municipal Government
Chapter 47. Municipal Debt
Section 40. Priority of Repayment.
previous: Section 30. Issuance of Notes in Anticipation of State or Federal Grants.
next: Section 80. Bond Anticipation Borrowing.

AS 29.47.040. Priority of Repayment.

The payment of the principal and interest on revenue anticipation notes is payable from revenues, and their payment additionally shall be secured by a pledge of the full faith and credit of the municipality issuing them.

Article 02. BOND ANTICIPATION NOTES

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This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005