Article 62, § 4 — Maximum Rate of Tax Stated on Ballot -- Borrowing Prior to Issuance of Bonds
This text of Alaska Const. art. 62, § 4 (Maximum Rate of Tax Stated on Ballot -- Borrowing Prior to Issuance of Bonds) is published on Counsel Stack Legal Research, covering Alaska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
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.
Add this to your briefcase to access full text.
History
Cite This Page — Counsel Stack
Alaska Const. art. 62, § 4, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ak/62/4.