Title 30 — Navigation, Harbors, Shipping, and Transportation Facilities
10 chapters · 87 sections in this title.
AS 30.17.010 Creation of authority.
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There is created the Adak Reuse Authority. The authority is a public corporation of the state and a body corporate and is an instrumentality of the Department of Commerce, Community, and Economic Development, but with separate and independent legal existence.
AS 30.17.020 Membership of authority.
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(a) The membership of the authority consists of (1) the commissioner of commerce, community, and economic development; (2) two other persons selected by the governor who serve as the heads of principal departments of the executive branch of state government; and (3) four public m…
AS 30.17.030 Chair and vice-chair.
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The members of the authority shall elect a chair from among themselves. A vice-chair may be elected by the authority from among its other members. The vice-chair presides over all meetings in the absence of the chair and has other duties that the authority may prescribe.
AS 30.17.040 Meetings, compensation, and employees.
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Article 2. Purpose and General Powers. (a) A majority of the members of the authority constitutes a quorum for the transaction of business or the exercise of a power or function at a meeting of the authority. Action may be taken and motions and resolutions may be adopted by the a…
AS 30.17.100 Purpose of the authority.
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The purpose of the authority is to develop and implement a comprehensive reuse and redevelopment plan for the territory encompassed by the Adak Naval Air Facility in a manner that will attract business, create jobs, and advance the general prosperity and economic welfare of the p…
AS 30.17.110 Powers of the authority.
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In furtherance of its corporate purposes, the authority may, in addition to other powers that it may have by law, (1) sue and be sued; (2) have a seal and alter the seal at its pleasure; (3) adopt and amend bylaws for its organization and internal management; (4) adopt regulation…
AS 30.17.120 Administrative procedure.
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The provisions of the Administrative Procedure Act regarding the adoption of regulations under AS 44.62.040 — 44.62.319 apply to the authority.
AS 30.17.130 Limitation on powers.
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Article 3. Projects; Bonds. (a) The authority has only the 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 impli…
AS 30.17.200 Consideration of projects to be financed.
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(a) Before issuing bonds for a project under this chapter, the authority must find, on the basis of all information reasonably available to it, that the (1) project and its development under this chapter will be economically advantageous to the state and the general public welfar…
AS 30.17.210 Bonds of the authority.
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(a) Subject to the provisions of AS 30.17.200, the authority may borrow money and may issue revenue bonds, including bonds on which the principal and interest are payable (1) exclusively from the income and receipts or other money derived from the project financed with the procee…
AS 30.17.220 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, which may be a trust company, bank, or national banking association, with corporate trust powers, located inside or outside …
AS 30.17.230 Validity of pledge.
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(a) It is the intent of the legislature that a pledge made in respect of bonds issued under this chapter is perfected, valid, and binding from the time the pledge is made; that the money or property so pledged and thereafter received by the authority is immediately subject to the…
AS 30.17.240 Nonliability on bonds.
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(a) Neither the members of the authority nor a person executing the bonds are liable personally on the bonds issued by the authority or are subject to personal liability or accountability by reason of the issuance of the bonds. (b) The bonds issued by the authority do not constit…
AS 30.17.250 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 that loans or contributes funds in respect to a project, that the state will not limit or alter the rights and powers vested in the authority by this chapter to fulfill…
AS 30.17.260 Exemption from taxation.
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(a) The real and personal property of the authority and its assets, income, and receipts are declared to be the property of a political subdivision of the state and are exempt from taxes and special assessments of the state or a political subdivision of the state. Bonds of the au…
AS 30.17.270 Bonds legal investments for fiduciaries.
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The bonds of the authority are securities in which public officers and bodies of the state; municipalities and municipal subdivisions; insurance companies and associations and other persons carrying on an insurance business; banks, bankers, trust companies, savings banks, savings…
AS 30.17.280 Enterprise development account.
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Article 4. Miscellaneous Provisions. (a) The enterprise development account is established in the authority. The enterprise development account is a trust fund for the uses and purposes of this chapter. The enterprise development account consists of money or assets appropriated o…
AS 30.17.300 Audit.
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The legislative auditor shall audit or shall cause to have audited annually the financial records of the authority. The legislative auditor may prescribe the form and content of the financial records of the authority and shall have access to these records at reasonable times.
AS 30.17.310 Equal use and access.
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If the 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 enti…
AS 30.17.320 Succession.
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The authority is dissolved one year after the date of incorporation of a municipality, other than a second class city, that has an area coterminous with or inclusive of the area formerly encompassed by the Adak Naval Air Facility. Upon dissolution of the authority, the municipali…
AS 30.17.330 Purchase of project and leases.
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(a) This chapter does not prevent the inclusion in a lease or other agreement relating to a project of a provision granting the right to purchase the project, or to renew or extend the lease or agreement, upon the terms and conditions that may be provided for in the lease or agre…
AS 30.17.340 Conflicts of interest.
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(a) A member of the authority may not vote on a matter relating to a lease or contract entered into or to be entered into by the authority under this chapter if the member is a party to the lease or contract or has a direct ownership or equity interest in a firm, partnership, cor…
AS 30.17.350 Operation of certain statutes excepted.
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(a) The authority may not be considered to be or constitute (1) a political subdivision of the state as the term is used in AS 37.10.085, (2) a municipal corporation or political subdivision of the state as the terms are used in AS 29, or (3) except as provided in AS 30.17.360, a…
AS 30.17.360 Compliance with Executive Budget Act; finances.
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(a) The operating budget of the authority is subject to AS 37.07 (Executive Budget Act). (b) To further ensure effective budgetary decision making by the legislature, the authority shall (1) annually review the authority's assets to determine whether assets of the authority excee…
AS 30.17.370 Reports and publications.
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Article 5. General Provisions. By January 10 of each year, the authority shall publish a report for distribution to the governor, legislature, and the public. The authority shall notify the legislature that the report is available. The report shall be written in easily understand…
AS 30.17.900 Definitions.
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In this chapter, (1) “authority” means the Adak Reuse Authority created by this chapter; (2) “bonds” means bonds or other obligations issued under this chapter; (3) “business enterprise” means a single proprietorship, cooperative, corporation, firm, partnership, or other associat…