Alaska § 44.85.005 - Legislative findings.
Full text of Alaska Alaska Statutes § 44.85.005 — Legislative findings., with citation guidance and answers to common questions.
§ 44.85.005. Legislative findings.
The legislature finds that (1) the rapid growth of municipalities in the state and the incorporation of new municipalities has created a demand for capital improvements that can only be met by these municipalities borrowing money through the issuance of bonds or notes;
(2) many of these municipalities, although creditworthy, either have not issued bonds or notes or have little outstanding debt;
(3) the cost of borrowed money to these municipalities is or may be unnecessarily high due to lack of investor familiarity with the municipalities;
(4) other municipalities in the state pay unnecessarily high borrowing costs because of the distance of the state from capital markets or may find borrowing difficult or impossible because of temporary economic dislocation due to loss of employment or prospective loss of employment;
(5) the University of Alaska has limited debt capacity and may pay higher interest rates because of lower credit ratings;
(6) many municipalities provide for or partner with nonprofit organizations to provide for delivery of health care;
(7) nonprofit regional health organizations deliver services in many locations where municipal partners are unavailable;
(8) joint action agencies require financial assistance for public utility projects, including hydroelectric power projects, that benefit municipalities.
Frequently Asked Questions About Alaska § 44.85.005
What does Alaska Statutes § 44.85.005 cover?
Section 44.85.005 ("Legislative findings.") 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 § 44.85.005?
A common citation format is "Alaska Statutes § 44.85.005" (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 § 44.85.005 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.