Sec. 42.40.695. - Public purpose of bonds. - Alaska Statutes

Bonds of the corporation issued to finance facilities described in AS 42.40.550 and 42.40.560 and bonds of the corporation issued to finance the acquisition, construction, improvement, maintenance, equipping, and operation of real and personal property, including facilities and equipment, described in AS 42.40.570 are issued by a public corporation and an instrumentality of the state for an essential public and governmental purpose.