Alaska Stat. § 37.15.090
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Each issue or series of bonds shall be issued under and subject to the terms, conditions, and covenants providing for the payment of the principal and the interest and other terms, conditions, covenants, and protective provisions safeguarding the payment as found reasonably necessary by the state bond committee for the most advantageous sale. The terms, conditions, and covenants may include the setting aside and maintaining of certain reserves to secure the payment of principal and interest.
AS 37.15.090