Alaska § 37.15.240 - Toll bridge revenue fund.
Full text of Alaska Alaska Statutes § 37.15.240 — Toll bridge revenue fund., with citation guidance and answers to common questions.
§ 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.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 37.15.240
What does Alaska Statutes § 37.15.240 cover?
Section 37.15.240 ("Toll bridge revenue fund.") 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 § 37.15.240?
A common citation format is "Alaska Statutes § 37.15.240" (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 § 37.15.240 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.