Alaska § 29.46.130 - Interim financing.
Full text of Alaska Alaska Statutes § 29.46.130 — Interim financing., with citation guidance and answers to common questions.
§ 29.46.130. Interim financing.
(a) A municipality may provide by resolution or ordinance for the issuance of notes in payment of the costs of a local improvement project, payable out of special assessments for the improvement. The notes shall bear interest at a rate or rates authorized by the resolution or ordinance, and shall be redeemed either in cash or bonds for the improvement project.
(b) Notes issued against assessments shall be claims against the assessments that are prior and superior to a right, lien or claim of a surety on the bond given to the municipality to secure the performance of its contract for a local improvement project, or to secure the payment of persons who have performed work or furnished materials under the contract.
(c) The municipal treasurer may accept notes against special assessments on conditions prescribed by the governing body in payment of (1) assessments against which the notes were issued in order of priority;
(2) judgments rendered against property owners who have become delinquent in the payment of assessments; and
(3) certificates of purchase when property has been sold under execution or at tax sale for failure to pay the assessments.
Frequently Asked Questions About Alaska § 29.46.130
What does Alaska Statutes § 29.46.130 cover?
Section 29.46.130 ("Interim financing.") 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 § 29.46.130?
A common citation format is "Alaska Statutes § 29.46.130" (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 § 29.46.130 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.