Alaska Constitution
Article 62, § 4 — Maximum Rate of Tax Stated on Ballot -- Borrowing Prior to Issuance of Bonds
Alaska Const. art. 62, § 4
Alaska Const. art. 62, § 4 (Maximum Rate of Tax Stated on Ballot -- Borrowing Prior to Issuance of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Bluebook
Alaska Const. art. 62, § 4.
Full Text
The maximum rate of any special tax to pay bonded indebtedness as authorized in Sections 1 and 2 hereof shall be stated on the ballot. After such bond issue has been approved by the electorate, the municipality or county may, prior to the issuance of the bonds, borrow funds on an interim basis, not to exceed three (3) years, and pledge to the payment thereof the tax approved by the voters.
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History
Effective: 1984-11-06