Alaska § 30.13.055 - Consideration of projects to be financed.
Full text of Alaska Alaska Statutes § 30.13.055 — Consideration of projects to be financed., with citation guidance and answers to common questions.
§ 30.13.055. Consideration of projects to be financed.
(a) Before issuing bonds for any project under this chapter, an authority must find, on the basis of all information reasonably available to it, that (1) the project and its development under this chapter will be economically advantageous to the state and the general public welfare and will contribute to the economic growth of the state and the region within which the authority may exercise its powers;
(2) the project is financially sound and can be expected to produce revenue adequate to repay the bonds with which it is financed; and
(3) the scope of the project is sufficient to provide a reasonable expectation of a benefit to the region and the economy of the state.
(b) An authority shall give fair and reasonable consideration to a project presented to it for financing. When the authority determines whether to finance or assist in the financing of the project, the authority shall state the reasons for its determination in a written resolution upon request by a person who presented the project to the authority or a person who presented opposition to the project. The authority shall base its reasons on the information presented to it concerning the project and on other information considered appropriate by the authority.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 30.13.055
What does Alaska Statutes § 30.13.055 cover?
Section 30.13.055 ("Consideration of projects to be financed.") 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 § 30.13.055?
A common citation format is "Alaska Statutes § 30.13.055" (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 § 30.13.055 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.