reglab/housing_qa huggingface dataset:
AK Stat § 37.15.240 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.240. Toll bridge revenue fund.

(a) The toll bridge revenue fund is established as a separate fund of the state. The revenue fund consists of all revenue, fees, charges, and rentals received by the state, by contract with the authority or otherwise, from the ownership or operation of toll bridges and facilities and improvements used in connection with the toll bridges and facilities. Contracts or other agreements with the authority may establish priorities for the payment of operation and maintenance costs of the authority. The money in the revenue fund may be used only (1) to pay or secure payment of the principal of and interest on bonds; (2) to redeem bonds before their fixed maturities; (3) to pay indebtedness to the Federal Highway Administration, United States Department of Transportation; and (4) subject to appropriation by the legislature, for any other purpose for which federal funds may be obligated by the state under 23 U.S.C. 129(a). (b) The investment of money in the revenue fund may be made in the manner that the committee or the committee's delegated representative may determine. The interest earned on or any profits derived from the sale of this investment shall be deposited in and become a part of the revenue fund. (c) All references to the toll bridge revenue fund in this section include special accounts within the toll bridge revenue fund that may be created by resolution or trust agreement to secure the payment of particular bonds.
AK Stat § 37.15.245 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.245. Toll bridge revenue bond redemption fund.

(a) The toll bridge revenue bond redemption fund is established as a special fund of the state. The bond redemption fund is a trust fund for paying and securing the payment of the principal of and interest and redemption premium, if any, on the bonds and shall be at all times completely segregated and set apart from all other funds of the state. The bond redemption fund shall be drawn on only for the purpose of paying the principal of and interest and redemption premium, if any, on the bonds, together with related trustee fees, if any. (b) Money in the bond redemption fund may be invested in the same manner and on the same conditions as permitted for investment of money belonging to the state or held in the treasury under AS 37.10.070; however, the committee may agree with the bondholders to further limit these investments. Earnings on investments must be retained in the bond redemption fund or a designated account in the bond redemption fund. (c) All references to the bond redemption fund in this section include special accounts in the bond redemption fund that may be created by resolution or first agreement to secure the payment of particular bonds.
AK Stat § 37.15.250 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.250. Bond terms.

(a) The bonds may be issued and sold at public or negotiated sale in the manner, in the amounts or series, and at the time or times that the committee or the committee's delegated representative determines. The bonds, or each series of them, shall be sold at the price and on the terms, conditions, and covenants set by the committee or the committee's delegated representative after considering market conditions. Interest rates may be fixed or variable. (b) The bonds mature at the time or times fixed by the committee or the committee's delegated representative. The bonds may be subject to redemption before their fixed maturities, as determined by the committee or the committee's delegated representative, with or without a premium or premiums. The bonds may be in denominations determined by the committee or the committee's delegated representative; may be issued in fully or partially registered form; must be payable as to principal and interest at the place or places determined by the committee; must be signed on behalf of the state in the manner provided by the committee; and must be issued under and subject to the terms, conditions, covenants, and protective features safeguarding payment of the bonds and relating to the funding of projects as found necessary by the committee or the committee's delegated representative. (c) If the committee or the committee's delegated representative finds it reasonably necessary, the committee or the committee's delegated representative may select a trustee or trustees for the holders of the bonds, or any series of them, for the safeguarding and disbursement of any of the money in the bond redemption fund, or for duties with respect to the enforcement, authentication, delivery, payment, and registration of the bonds as the committee may determine. The committee or the committee's delegated representative shall fix the rights, duties, powers, and obligations of the trustee or trustees. (d) In its determination of all matters and questions relating to the issuance and sale of the bonds and the fixing of their maturities, terms, conditions, and covenants as provided in (a) - (c) of this section, the decisions of the committee shall be reasonably necessary for the best interests of the state and accomplish the most advantageous sale of the bonds. Decisions of the committee, as expressed in a bond resolution, are final and conclusively considered to comply with the requirements of AS 37.15.225 - 37.15.290.
AK Stat § 37.15.255 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.255. Bond resolution.

The committee shall authorize the issuance of bonds by adopting a resolution and shall prepare all other documents and proceedings necessary for the issuance, sale, and delivery of the bonds or any part or series of them. The bond resolution may fix or the committee's delegated representative, subject to parameters set by the committee, may fix the principal amount, denominations, date, maturities, manner of sale, place or places of payment, rights of redemption, if any, terms, form, conditions, and covenants of the bonds or each series of bonds.
AK Stat § 37.15.265 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.265. Enforcement by bond owner.

The holder of any bonds or the trustee for the holders of the bonds or any series of them, may, by appropriate proceedings in the superior court, compel the transfer, setting aside, and payment of money and the enforcement of all of the terms, conditions, and covenants as required and provided for in AS 37.15.225 - 37.15.290 and in the bond resolution or trust agreement.
AK Stat § 37.15.270 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.270. Amounts required for payments.

The committee shall, before June 30 of each year or from time to time within the year, as appropriate, commencing with the year in which the bonds are issued, certify to the commissioners of revenue and administration the amounts required in the current fiscal year and the next ensuing fiscal year by the bond resolution or resolutions or trust agreements to be paid out of toll bridge revenue or capitalized amounts into the bond redemption fund and to be paid into and maintained in any reserve fund or account or other fund or account created by the bond resolution or resolutions. The committee shall also certify to the commissioners the last date or dates on which payments may be made.
AK Stat § 37.15.275 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.275. Refunding.

(a) The committee may refund the bonds or any part of the bonds at or before their maturity or redemption dates by issuing refunding revenue bonds of the state if the committee determines the refunding to be advantageous to and in the best interest of the state. (b) The issuance of refunding bonds need not be authorized by the voters of the state or by an act of the legislature. The committee shall adopt the resolution or resolutions and prepare all other documents and proceedings necessary for the issuance, exchange or sale, and delivery of the refunding bonds. All provisions of AS 37.15.225 - 37.15.290 applicable to revenue bonds are applicable to the refunding bonds and to the issuance, sale, or exchange of the refunding bonds, except as otherwise provided in this section. (c) The committee may issue refunding bonds in a principal amount sufficient to provide money for the advance or current refunding of all bonds to be refunded and interest on the refunded bonds and to pay the costs of issuance and administration of the refunding bonds. These expenses also include the difference in amount between the par value of the refunding bonds and any amount less than par for which the refunding bonds are sold; the premium, if any, necessary to be paid in order to call or retire the outstanding bonds and the interest accruing on them to the date of the call or retirement; and other costs. The committee is authorized to incur the expenses. (d) The committee or the committee's delegated representative may contract with a refunding trustee to hold the proceeds of refunding bonds in trust until the proceeds, together with earnings on the proceeds, are applied to pay the principal of, premium, if any, and interest on the bonds to be refunded. Until the refunding bond proceeds are applied, the proceeds may be invested in direct obligations of, or obligations guaranteed by, the United States or an agency or corporation of the United States whose obligations constitute direct obligations of, or obligations guaranteed by, the United States.
AK Stat § 37.15.280 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.280. Bonds as legal investments.

The bonds are legal investments for all banks, trust companies, savings banks, savings and loan associations, and other persons carrying on a banking business, all insurance companies and other persons carrying on an insurance business, and all executors, administrators, trustees, and other fiduciaries. The bonds may be accepted as security for deposits of all money of the state and its political subdivisions.
AK Stat § 37.15.285 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.285. Statutory construction.

AS 37.15.225 - 37.15.290 shall be liberally construed in order to carry out the purposes for which they were enacted.
AK Stat § 37.15.290 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 2. Toll Bridge Revenue Bonds.|Sec. 37.15.290. Definitions.

In AS 37.15.225 - 37.15.290, (1) “authority” means (A) the Knik Arm Bridge and Toll Authority established in AS 19.75.021 with respect to the Knik Arm bridge and its appurtenant facilities; or (B) an authority established by the legislature for any other toll bridge project; (2) “bond redemption fund” means the toll bridge revenue bond redemption fund established in AS 37.15.245; (3) “bond resolution” means a resolution adopted by the committee under AS 37.15.255 to authorize the issuance of bonds; (4) “bonds” means the toll bridge revenue bonds authorized in AS 37.15.225 - 37.15.290; (5) “committee” means the state bond committee created in AS 37.15.110, or any other committee, body, department, or officer of the state that succeeds to the rights, powers, duties, and obligations of the state bond committee by law; (6) “costs of issuance and administration” means all costs associated with issuance and administration of toll bridge revenue bonds and refunding bonds, including costs of bond printing, official statements, financial advisors, travel costs, rating agencies, bond insurance, letters and lines of credit for credit enhancement, underwriters, legal services, paying agents, bond registrars, bond and escrow trustees, arbitrage rebate, and all other costs, including administrative costs, both direct and indirect; (7) “reserve fund” means the toll bridge revenue bond reserve fund authorized in AS 37.15.260; (8) “revenue fund” means the toll bridge revenue fund established in AS 37.15.240.
AK Stat § 37.15.300 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.300. Borrowing in anticipation of sale of bonds permitted.

When the state bond committee considers it in the best interests of the state, it may borrow money in anticipation of the sale of general obligation and revenue bonds if money to be derived from the sale of the bonds has been appropriated by the legislature and (1) in the case of revenue bonds, the bonds to be sold have been authorized by law; or (2) in the case of general obligation bonds, the bonds to be sold have been (A) authorized by law and ratified by a majority vote of the qualified voters of the state who vote on the question; or (B) authorized by law for the purpose of meeting natural disasters, repelling invasion, suppressing insurrection, or defending the state in war.
AK Stat § 37.15.310 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.310. Issuance of notes.

The state bond committee shall issue notes for the amounts borrowed with a maturity date not to exceed one year from the date of issue. All the notes are payable at a fixed place, on or before a fixed time, or at a fixed time, from the proceeds of the sale of bonds, in anticipation of which the original note or notes were issued, unless the bonds have not been sold by the maturity date of the notes. Interest on the notes is payable at a fixed place, on or before a fixed time, out of appropriations made for the payment of interest on general obligation notes or bonds of the state.
AK Stat § 37.15.330 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.330. Repayment of notes.

Every note shall be payable from the proceeds of the next succeeding sale of bonds or from the proceeds of the sale of new bond anticipation notes.
AK Stat § 37.15.340 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.340. Security for repayment of general obligation bonds.

Notes issued in anticipation of the sale of general obligation bonds and the interest thereon are secured by the full faith, credit, and resources of the state.
AK Stat § 37.15.350 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.350. Security for repayment of revenue bonds.

Notes issued in anticipation of the sale of revenue bonds and the interest thereon are secured in the same manner as are the revenue bonds in anticipation of which the notes are issued.
AK Stat § 37.15.360 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.360. Limitation on issuance of notes.

The total amount of such notes issued and outstanding shall at no time exceed the total amount of bonds authorized to be issued.
AK Stat § 37.15.370 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.370. Use of proceeds from sale of notes.

The proceeds from the sale of the notes shall be used only for the purposes for which the proceeds from the sale of bonds may be used or to meet payment of outstanding bond anticipation notes.
AK Stat § 37.15.380 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.380. Sale of notes.

Notes issued under this chapter shall be sold by the state bond committee in the manner and at the price or prices as it shall determine, at either public or private sale; however, a note sold under this chapter may not be sold for less than par and accrued interest or at an interest rate exceeding 11 percent a year or that rate of interest that is 110 percent of the rate of Bond Buyer Index of 20 Municipal Bond Average Yields for the week previous to the date of sale of the notes, whichever is higher.
AK Stat § 37.15.390 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 3. Bond Anticipation Notes.|Sec. 37.15.390. Execution of notes.

Notes for money borrowed in anticipation of receipts from the sale of bonds shall be signed by the governor and countersigned by the lieutenant governor. The governor's and lieutenant governor's signatures may be facsimile signatures.
AK Stat § 37.15.410 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 4. International Airports Revenue Bonds.|Sec. 37.15.410. Bond authorization.

For the purpose of providing part or all of the money to be used, with or without any grants or other money that may become available, the issuance and sale of revenue bonds of the state in a total principal sum not to exceed $812,500,000 is authorized to acquire, equip, construct, and install the additions, improvements, extensions, and facilities authorized in AS 37.15.510. The principal of and interest on these bonds shall be paid out of and secured by the gross revenue derived by the state from the ownership, lease, use, and operation of the airports, and of all the facilities of them, and out of any other money that may be appropriated for the purpose, excepting only proceeds of any customer facility charge, and unless otherwise contractually required any customer facility maintenance charge, set by the commissioner of transportation and public facilities under AS 02.15.090.
AK Stat § 37.15.415 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 4. International Airports Revenue Bonds.|Sec. 37.15.415. Continuing revenue bond debt service appropriation.

The amounts required annually to pay the principal, interest, and redemption premium on all issued and outstanding international airports revenue bonds of the state are appropriated each fiscal year from the international airports revenue fund to the state bond committee to make all required payments of principal, interest, and redemption premium.
AK Stat § 37.15.420 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 4. International Airports Revenue Bonds.|Sec. 37.15.420. International airports construction fund.

(a) There is established the “International Airports Construction Fund,” into which shall be paid the proceeds of the sale of the bonds (except any accrued interest paid on them, which shall be paid into the bond redemption fund) and grant or other money that is legally provided for the same purposes for which the bonds are authorized. The money in the construction fund shall be used to pay the costs of acquiring, equipping, constructing, and installing additions and improvements to and extensions of and facilities for the airports and costs incidental thereto, including costs of the authorization, issuance, and sale of the bonds. To the extent provided in the bond resolution, money in the construction fund may also be used for the payment of interest on the bonds during the period of actual construction, and for a further period, not exceeding one year after the period of construction, that may be provided in the bond resolution. Money in the construction fund may also be transferred to the bond redemption fund, to the extent provided in the bond resolution, to establish a reserve for the payment of the principal of and interest on the bonds. (b) The bond resolution may provide for the investment of money in the construction fund in a manner that the committee may determine. The interest earned upon or any profits derived from the sale of this investment shall be deposited in and become a part of the construction fund. (c) By January 1 of each year, the commissioner of transportation and public facilities shall submit to the legislature an annual spending plan that contains information regarding the planned expenditure of money from the construction fund during the next fiscal year and information on certain expenditures made during the previous fiscal year. The spending plan must include (1) the total amount of money to be spent from the construction fund; (2) a description of the work to be performed on airport facilities that will be financed with money from the construction fund; (3) the amount from the construction fund that will be spent under contracts with the private sector and a description of the goods or services to be provided to the state under each of the contracts; (4) the amounts that the state will spend from the construction fund for purposes other than contract payments and a description of each of those purposes, including financing costs, administrative and other overhead costs, and contingencies; (5) the amounts spent during the previous fiscal year for cost overruns on projects financed in whole or part with money from the construction fund and the sources of money used for those cost overruns; (6) identification of time delays that occurred during the previous fiscal year on projects financed in whole or part with money from the construction fund and amounts spent as a result of the delays.
AK Stat § 37.15.440 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 4. International Airports Revenue Bonds.|Sec. 37.15.440. International airports revenue bond redemption fund.

There is another special fund of the state, known as the “International Airports Revenue Bond Redemption Fund,” which is a trust fund for paying and securing the payment of the principal of and interest and redemption premium, if any, on the bonds and which shall be at all times completely segregated and set apart from all other funds of the state. The committee, on behalf of the state, shall obligate and bind the state to set aside and pay into the bond redemption fund any part or parts of, or all of, or a fixed proportion of, or a fixed amount of the money in the revenue fund sufficient to pay the principal of and interest and redemption premium, if any, on the bonds as the payments become due and, if it considers it necessary, to set aside and maintain reserves for this purpose. The bond redemption fund shall be drawn upon for the purpose of paying the principal of and interest and redemption premium, if any, on the bonds, and the bonds do not constitute a general obligation of the state.
AK Stat § 37.15.460 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 4. International Airports Revenue Bonds.|Sec. 37.15.460. Bond resolution.

The committee shall adopt the bond resolution and prepare all other documents and proceedings necessary for the issuance, sale, and delivery of the bonds or any part or series of them. The bond resolution must fix the principal amount, denomination, date, maturities, place or places of payment, rights of redemption, if any, terms, form, conditions, and covenants of the bonds or each series of them. The committee shall also determine and provide for the date and manner of sale of the bonds, and shall provide whether the notice of sale is to be published elsewhere in addition to the publication required by AS 37.15.450.
AK Stat § 37.15.470 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 15. Bonding|Article 4. International Airports Revenue Bonds.|Sec. 37.15.470. Enforcement by holder.

The holder of any bonds or the trustee for the holders of the bonds or any series of them may, by appropriate proceedings in the courts of record of the state, require and compel the transfer, setting aside, and payment of money and the enforcement of all of the terms, conditions, and covenants as required and provided in AS 37.15.410 - 37.15.550 and in the bond resolution.