Alaska Constitution

Article 65, § 2 — Purpose of Issuance

Alaska Const. art. 65, § 2

Alaska Const. art. 65, § 2 (Purpose of Issuance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionAlaskaDocumentConstitution
Article65
Section§ 2
CitationAlaska Const. art. 65, § 2
Bluebook
Alaska Const. art. 65, § 2.

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

Effective: 1986-11-04