Title 30 — Navigation, Harbors, Shipping, and Transportation Facilities
10 chapters · 87 sections in this title.
AS 30.13.010 Creation of authority.
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(a) The residents of each area of the state within the boundaries of a regional housing authority established under AS 18.55.996 that is located in whole or in part in the unorganized borough of the state may create a public body corporate and politic under the name and style of …
AS 30.13.020 Board of governors.
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(a) The authority shall be governed by a board of governors consisting of eight members, five of whom shall be elected and three of whom shall be appointed by the governor. Elections of members to succeed those initially elected under AS 30.13.010(f) shall be held on the first Tu…
AS 30.13.030 Purpose of an authority.
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The purpose of an authority shall be the improvement, establishment, and development of facilities in its district for transportation purposes in connection with natural resource enterprises, either directly or by agreement with any public or private entity or person.
AS 30.13.040 Powers of an authority.
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Subject to AS 30.13.050 and AS 30.13.130, in furtherance of its corporate purposes under AS 30.13.030, an authority has the power to (1) sue and be sued; (2) have a seal and alter it at its pleasure; (3) adopt and amend bylaws for its organization and internal management; (4) ado…
AS 30.13.050 Limitation on powers.
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An authority has only those powers expressly granted in this chapter, reasonably implied from this chapter, or reasonably necessary or convenient to carry out its corporate purposes and to exercise the powers expressly granted in or reasonably implied from this chapter. An author…
AS 30.13.055 Consideration of projects to be financed.
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(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 welfa…
AS 30.13.060 Bonds of an authority.
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(a) Subject to the provisions of AS 30.13.055(a), an authority may borrow money and may issue revenue bonds, including but not limited to bonds on which the principal and interest are payable (1) exclusively from the income and receipts or other money derived from the project fin…
AS 30.13.070 Trust indentures and trust agreements.
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In the discretion of the authority, an issue of bonds may be secured by a trust indenture or trust agreement between the authority and a corporate trustee, that may be a trust company, bank, or national banking association, with corporate trust powers, located inside or outside t…
AS 30.13.080 Validity of pledge.
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It is the intention of the legislature that a pledge made in respect of bonds is perfected and valid and binding from the time the pledge is made; that the money or property so pledged and thereafter received by an authority is immediately subject to the lien of the pledge withou…
AS 30.13.090 Nonliability on bonds.
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(a) Neither the members of an authority nor a person executing the bonds are liable personally on the bonds or are subject to personal liability or accountability by reason of the issuance of the bonds. (b) The bonds issued by an authority do not constitute an indebtedness or oth…
AS 30.13.100 Pledge of the state.
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The state pledges to and agrees with the holders of bonds issued under this chapter and with the federal agency which loans or contributes funds in respect to a project, that the state will not limit or alter the rights and powers vested in an authority by this chapter to fulfill…
AS 30.13.110 Exemption from taxation.
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The real and personal property of an authority and its assets, income, and receipts are declared to be the property of a political subdivision of the state and, together with any project financed under this chapter, are exempt from all taxes and special assessments of the state o…
AS 30.13.120 Bonds as legal investments for fiduciaries.
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The bonds of an authority are securities in which all public officers and bodies of the state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savi…
AS 30.13.125 Audit.
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The legislative auditor shall audit or shall cause to have audited annually the financial records of an authority. The legislative auditor may prescribe the form and content of the financial records of an authority and shall have access to these records at any reasonable time.
AS 30.13.130 Equal use and access.
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If an authority owns, leases, or otherwise operates or controls, or participates in the financing of, a facility, the authority shall, to the maximum extent possible, provide for equal rights of access to and use of the facility by members of the public and other persons or entit…
AS 30.13.140 Not subject to Transportation Commission jurisdiction. [Repealed, § 53 ch 30 SLA 1996.]
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[Repealed or reserved.]
AS 30.13.150 Succession.
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Whenever a borough of the first or second class or a home rule municipality is created with an area coterminous with or inclusive of the area of an authority, the authority shall be integrated into the borough or home rule municipality within one year of incorporation. On integra…
AS 30.13.900 Definitions.
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In this chapter, unless the context otherwise requires, (1) “authority” means a public body created under AS 30.13.010; (2) “bonds” means bonds or other obligations issued under this chapter; (3) “cost” includes the cost of acquisition or construction of all or any part of transp…