Article 65, § 2 — Purpose of Issuance
This text of Alaska Const. art. 65, § 2 (Purpose of Issuance) 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
(a) No revenue bonds shall be issued by or on behalf of any governmental unit if the primary purpose of the bonds is to loan the proceeds of the bonds, or to lease or sell the facilities financed with the proceeds of the bonds, to one or more private business users for shopping centers or other establishments engaged in the sale of food or goods at retail. (b) No revenue bonds shall be issued by or on behalf of any governmental unit without the consent of a majority of the qualified electors voting on the question at an election held in accordance with state law if the primary purpose of the bonds is to loan the proceeds of the bonds, or to lease or sell the facilities financed with the proceeds of the bonds, to one or more private business users for hotels or motels, rental or professional office buildings, or facilities for recreation or entertainment.
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History
Cite This Page — Counsel Stack
Alaska Const. art. 65, § 2, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ak/65/2.