Alaska Stat. § 29.47.010
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
A municipality that is authorized to incur indebtedness may borrow money to meet appropriations for any fiscal year in anticipation of the collection of the revenues for that year, but all debt so contracted shall be paid before the end of the next fiscal year. Negotiable or nonnegotiable revenue anticipation notes may be issued as evidence of the borrowing.
AS 29.47.010