In this chapter, unless the context requires otherwise,

(1) “bond bank authority” means the Alaska Municipal Bond Bank Authority established by Alaska Stat. § 44.85.020;

Terms Used In Alaska Statutes 44.85.410

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(2) “bonds” means bonds of the bond bank authority issued under this chapter;
(3) “governmental employer” means the State of Alaska or a municipality or other state or municipal governmental entity within the state, including an agency, instrumentality, district, school district, public corporation, department, division, or other subdivision of the state or of a municipality, in its capacity as an employer;
(4) “municipal bond” means a bond or note or evidence of debt that constitutes

(A) a general obligation bond that is a direct and general obligation of a political subdivision of the state, all the taxable property within which is subject to taxation to pay the bond, note, or evidence of debt, and the interest without limitation, as to rate or amount generally to the extent permitted by law or to avoid a default as provided for second class cities under Alaska Stat. § 29.45.590;
(B) a revenue bond issued by a municipality, the University of Alaska, a regional health organization, a joint action agency formed under Alaska Stat. § 42.45.310, a solid waste management authority, or a port authority that pledges the revenue of a revenue-producing capital improvement and that is payable solely from the revenue of the revenue-producing capital improvement;
(C) a general obligation bond or revenue bond combined or additionally secured;
(D) a bond of a borough issued as a general obligation of a service area under Alaska Stat. § 29.47.440 or former Alaska Stat. § 29.58.340; or
(E) an obligation of a municipality secured only by

(i) special assessments on benefited property;
(ii) tax increments and a letter of credit or equal security; or
(iii) a lease;
(5) “notes” means notes of the bond bank authority issued under this chapter;
(6) “public body” means a public body corporate and politic or a political subdivision of the state established under any law of the state which may issue municipal bonds;
(7) “regional health organization” has the meaning given in Alaska Stat. § 18.28.100;
(8) “reserve fund” means the Alaska municipal bond bank reserve fund established under Alaska Stat. § 44.85.270;
(9) “revenues” means all fees, charges, money, profits, payments of principal of or interest on municipal bonds and other investments, gifts, grants, contributions, appropriations, and all other income derived or to be derived by the bond bank authority under this chapter.
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