Alaska Statutes > Title 37 > Chapter 15 > Article 3 – Bond Anticipation Notes


§ 37.15.300	Borrowing in anticipation of sale of bonds permitted
§ 37.15.310	Issuance of notes
§ 37.15.330	Repayment of notes
§ 37.15.340	Security for repayment of general obligation bonds
§ 37.15.350	Security for repayment of revenue bonds
§ 37.15.360	Limitation on issuance of notes
§ 37.15.370	Use of proceeds from sale of notes
§ 37.15.380	Sale of notes
§ 37.15.390	Execution of notes

Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
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.
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