Sec. 29.47.300. Authorization.
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/ak/title-29/chapter-47/29-47-300A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 29.47.300. Authorization.
If a municipality has outstanding general obligation or revenue bonds and the governing body determines that it would be financially advantageous to refund the bonds, the municipality may provide by ordinance or resolution for the issuance of negotiable or nonnegotiable
(1)general obligation refunding bonds; or
(2)revenue refunding bonds.