§ 14.36.060. Debt.

Latest version.

Subject to the provisions of AS 29.35.625—29.35.655, as amended, the Inter-Island Ferry Authority may borrow money and may issue bonds on which the principal and interest are payable:
1.

Exclusively from the income and receipts of, or other money derived from, one or more transportation facilities, equipment or services financed with the proceeds of the bonds;

2.

Exclusively from the income and receipts of, or other money derived from, designated transportation facilities, equipment or services or other sources whether or not they are financed, insured, or guaranteed in whole or in part with the proceeds of the bonds; or

3.

From its income and receipts generally or a designated part or parts of them.

(Ord. No. 09-04, § 6, 10-6-2009)

                    
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