Alaska Const. art. 91, § 17

Alaska Constitution

Article 91, § 17 — Investment of Revenues

Alaska Const. art. 91, § 17 (Investment of Revenues) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionAlaska DocumentConstitution

Article91

Section§ 17

CitationAlaska Const. art. 91, § 17

Bluebook

Alaska Const. art. 91, § 17.

Full Text

(a) Moneys held in the Arkansas Four-Lane Highway Construction and Improvement Bond Account in the State Highway and Transportation Department Fund and any fund in the State Treasury created under this amendment shall be invested by the State Board of Finance to the full extent practicable pending disbursement for the purposes intended. (b) Notwithstanding any other provision of law, the investments and disbursements shall be in accordance with the terms of the resolution or trust indenture authorizing or securing the series of bonds to which the fund appertains to the extent the terms of the resolution or trust indenture are applicable.

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(a) Moneys held in the Arkansas Four-Lane Highway Construction and Improvement Bond Account in the State Highway and Transportation Department Fund and any fund in the State Treasury created under this amendment shall be invested by the State Board of Finance to the full extent practicable pending disbursement for the purposes intended. (b) Notwithstanding any other provision of law, the investments and disbursements shall be in accordance with the terms of the resolution or trust indenture authorizing or securing the series of bonds to which the fund appertains to the extent the terms of the resolution or trust indenture are applicable.

History

Effective: 2012-11-06