Form 656-B Anchorage Alaska 2024-2025

Form 656-B Anchorage Alaska: What You Should Know

Apr 2025 — The Bonds are general revenue powers of the Municipality of Anchorage, Alaska, and the full faith and ‥ credit‥ of the ‛Municipality‥, on behalf of the residents of the Municipality, and shall be issued by the ‬Municipal Authority‥ for the purpose of paying the general revenue obligations of the ‬Municipality‥ as they become due.‖ 17 Apr 2025 — The Municipal Authority shall have the authority to issue the Bonds under a formula approved by the ‪Municipal Authority‥‖.‖ 1.‖ The Municipal Authority may issue the Bonds in one or more series (the series) without regard to the availability of financing under laws applicable to the Bond issue, and may establish terms, including maturities, coupons and interest rates, that the Authority deems appropriate to carry out its purposes.‖ 2.‖ The Authority may issue the Bonds on such terms as it deems appropriate. The Authority may issue the Bonds concurrently or consecutively with or without premium or discounts and coupons, subject to satisfaction of the requirements of law. However, the Bonds were previously issued at rates well below inflation and are therefore not eligible for the discount and coupon programs described therein, unless they are sold to the public or in public offerings and such offers are made prior to or at such times and in such forms, as determined by the Authority, as may be satisfactory to the Authority. 14 Jun 2025 — The bonds to be issued pursuant to this Section shall be in such form, shall contain such information, and shall be offered or sold in such manner, at such times and in such amounts, as the Authority deems proper. In lieu of the foregoing, the Authority may charge reasonable transaction fees, such as reasonable commission or brokerage fees, to be applied for the maintenance of the site and sale of the Bonds, or for the payment of taxes, interest, and penalties and for other expenses, as provided by law. 3.‖ In addition to the Bonds to be sold solely to fund operations of the Municipality, the Authority may issue and sell any other series of the Bonds pursuant to any one of the following procedures: A.‖ The Authority may issue and sell Bonds in a municipal finance transaction that involves additional property, services, or capital that is not otherwise available.‖ B.

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