# Alaska Stat. § 18.55.150: Security for bonds

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.150

## Section

- **Citation:** Alaska Stat. § 18.55.150
- **Heading:** Security for bonds
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 18 / Chapter 18.55 / Section 18.55.150

## Text

(a) In conjunction with projects authorized by this chapter, the corporation may issue bonds, including bonds on which the principal and interest are payable (1) exclusively from the income and revenue of the housing project financed with the proceeds of the bonds;

(2) exclusively from the income and revenue of designated housing projects whether or not they are financed in whole or in part with the proceeds of the bonds;

(3) from its revenue generally; or

(4) exclusively from rents collected on public buildings.

(b) Bonds authorized by (a) of this section may be additionally secured (1) by a pledge of a grant or contribution from the federal government or from another source;

(2) by a pledge of income or revenue of the corporation; or

(3) by a mortgage of a housing project or other property of the corporation.

## Nearby sections

- [Alaska Stat. § 18.55.010 Purpose of AS 18.55.100 — 18.55.290.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.010.md)
- [Alaska Stat. § 18.55.080 Members or employees prohibited from acquiring interest in projects.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.080.md)
- [Alaska Stat. § 18.55.100 Powers of corporation.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.100.md)
- [Alaska Stat. § 18.55.110 Cooperation with and aid of federal government.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.110.md)
- [Alaska Stat. § 18.55.120 Housing for low-income households.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.120.md)
- [Alaska Stat. § 18.55.130 Qualifications of tenants.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.130.md)
- [Alaska Stat. § 18.55.140 Issuance of bonds, notes, and refunding bonds.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.140.md)
- [Alaska Stat. § 18.55.150 Security for bonds.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.150.md)
- [Alaska Stat. § 18.55.160 Limitation of liability on bonds.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.160.md)
- [Alaska Stat. § 18.55.170 Exemption from taxes.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.170.md)
- [Alaska Stat. § 18.55.180 Issuance and sale of bonds and notes.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.180.md)
- [Alaska Stat. § 18.55.187 Independent financial advisor.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.187.md)
- [Alaska Stat. § 18.55.200 Additional powers to secure bonds or obligations under leases.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.200.md)
- [Alaska Stat. § 18.55.210 Right of obligee of corporation to bring action.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.210.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T18_C18.55_S18.55.150. Check the current official text before relying on it. Not legal advice.