Alaska § 37.15.575 - State aid intercept.
Full text of Alaska Alaska Statutes § 37.15.575 — State aid intercept., with citation guidance and answers to common questions.
§ 37.15.575. State aid intercept.
If a municipality is in default on the payment of principal or interest on a loan from the Alaska clean water fund ( AS 46.03.032 ) or the Alaska drinking water fund ( AS 46.03.036 ), the committee may provide written notice of default to any state agency that is the custodian of money that is payable to the municipality. If the committee determines to provide notice, a separate written notice shall be given in each instance of default. Notwithstanding any other provision of law, at any time after receipt of written notice of default, the agency head shall withhold payment of the money from the municipality. The agency head shall pay over the withheld money to the committee for deposit in the Alaska clean water fund or the Alaska drinking water fund, as appropriate, for the purpose of paying or securing the principal and interest on the loan.
Frequently Asked Questions About Alaska § 37.15.575
What does Alaska Statutes § 37.15.575 cover?
Section 37.15.575 ("State aid intercept.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 37.15.575?
A common citation format is "Alaska Statutes § 37.15.575" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 37.15.575 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.