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Alaska Statutes.
Title 37. Public Finance
Chapter 15. Bonding
Section 587. Purposes and Sufficiency of Revenue.
previous: Section 585. Amounts Required For Payments.
next: Section 590. Refunding.

AS 37.15.587. Purposes and Sufficiency of Revenue.

The proceeds of bonds may be used for the purposes described in AS 46.03.032 or 46.03.036, as appropriate. Bonds may not be issued unless the committee first finds that revenue to be derived from repayment of loans from the Alaska clean water fund or the Alaska drinking water fund, as appropriate, will be sufficient, together with other available money, to comply with all covenants of the bond resolutions.


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Last modified 9/3/2005