Sec. 29.35.725. Definitions.

329 words·~1 min read·/ak/title-29/chapter-35/29-35-725

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In AS 29.35.600 — 29.35.730, unless the context otherwise requires,

(1)“authority” means a port authority established under AS 29.35.605 ;

(2)“board” means the board of directors of an authority;

(3)“bonds” includes bonds, bond anticipation notes, notes, refunding bonds, or other forms of indebtedness of the authority;

(4)“bylaws” or “bylaws of the authority” means the guidelines adopted by and amended by the board from time to time in accordance with AS 29.35.600 — 29.35.730;

(5)“port” means a facility of transportation related commerce located within the state;

(6)“project” means a port, dock, and administrative facilities, including property necessary in connection with the operation of a port;

(7)“project cost” or “cost of a project” means all or any part of the aggregate costs determined by an authority to be necessary to finance the construction or acquisition of a project, including without limitation to the cost of acquiring real property, the cost of constructing buildings and improvements, the cost of financing the project, including, without limitation, interest charges before, during, or after construction or acquisition of the project, costs related to the determination of the feasibility, planning, design, or engineering of the project and, to the extent determined necessary by the authority, administrative expenses, the cost of machinery or equipment to be used in the operation or rehabilitation of a port, and all other costs, charges, fees, and expenses that may be determined by the authority to be necessary to finance the construction or acquisition;

(8)“real property” or “land” means any interest in real property, including tidal and submerged land, and any right appurtenant to the interest, and without limitation, interests less than full title such as easements, uses, leases, and licenses;

(9)“regulation” means a standard of general application or the amendment, supplement, revision, or repeal of a standard adopted by an authority to implement, interpret, or make specific the law enforced or administered by it or to govern its procedure.