Alaska § 29.47.390 - Other municipal financing.
Full text of Alaska Alaska Statutes § 29.47.390 — Other municipal financing., with citation guidance and answers to common questions.
§ 29.47.390. Other municipal financing.
(a) A municipality may authorize by ordinance or resolution the issuance of negotiable or nonnegotiable revenue bonds to finance any project that serves a public purpose, and the bonds shall be secured and payable from any source except revenues, including tax revenue, of the municipality.
(b) Bonds issued under this section are not a debt or liability of the municipality and do not create or constitute an indebtedness, liability, or obligation of the municipality, nor do they constitute a pledge of faith, credit, or taxing power of the municipality. Each bond must contain on its face a statement that the municipality is not obligated to pay the principal or the interest on the bonds except from those sources indicated, and that neither the faith and credit nor the taxing power of the municipality is pledged to the payment of principal or interest on the bond.
(c) A municipality may (1) loan the proceeds of the bonds issued under this section;
(2) pledge, mortgage or assign money, leases, agreements, property, or other assets of the project being financed;
(3) enter into covenants and agreements concerning bonds issued under this section that the municipality determines to be desirable;
(4) provide for any matter that affects the security of the bonds.
(d) In this section, (1) “bonds” means bonds, notes, or other evidence of indebtedness;
(2) “project” includes commercial, manufacturing, agricultural, industrial, residential housing, recreation, tourism, and medical projects and programs.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 29.47.390
What does Alaska Statutes § 29.47.390 cover?
Section 29.47.390 ("Other municipal 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 § 29.47.390?
A common citation format is "Alaska Statutes § 29.47.390" (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 § 29.47.390 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.