Alaska § 44.85.086 - Powers of subsidiary corporation.
Full text of Alaska Alaska Statutes § 44.85.086 — Powers of subsidiary corporation., with citation guidance and answers to common questions.
§ 44.85.086. Powers of subsidiary corporation.
A subsidiary corporation created under AS 44.85.085 has the following powers in addition to those granted to it under AS 44.85.085 (c): (1) to make loans to and enter into contracts with governmental employers;
(2) to incur debt, subject to AS 37.15.903 , in furtherance of its purposes, in the form of bonds, notes, commercial paper, or other obligations as the subsidiary corporation considers appropriate, but only after submitting a proposal to the Legislative Budget and Audit Committee under AS 44.85.085 (e) and if the state bond rating is the equivalent of AA- or better;
(3) to secure its debt with a pledge of any assets that are available to the subsidiary corporation for the purpose, including identified revenue and contractual payments from participating governmental employers, and the general assets and revenue of the subsidiary corporation; and
(4) to enter into contracts with underwriters, bond counsel, financial advisors, accountants, actuaries, and other contractors to provide assistance as the subsidiary corporation considers desirable to accomplish its purposes.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 44.85.086
What does Alaska Statutes § 44.85.086 cover?
Section 44.85.086 ("Powers of subsidiary corporation.") 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 § 44.85.086?
A common citation format is "Alaska Statutes § 44.85.086" (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 § 44.85.086 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.