Alaska Stat. § 29.35.635
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
The pledge of revenue of an authority to the payment of the principal or interest on bonds or notes of the authority is valid and binding from the time the pledge is made, and the revenue is immediately subject to the lien of the pledge without physical delivery or further act. The lien of a pledge is valid and binding against all parties having claims of any kind against the authority irrespective of whether those parties have notice of the lien of the pledge.
AS 29.35.635