Sec. 29.47.450. Service area debt.
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/ak/title-29/chapter-47/29-47-450A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 29.47.450. Service area debt.
The indebtedness of a service area acquired under AS 29.47.440 remains the indebtedness of the area that incurred the debt, notwithstanding a subsequent court determination that the service area was not validly formed under law or by virtue of a defect in the proceedings creating the service area. All property in the service area remains subject to taxation to pay the bonded indebtedness.