§ 4.20.050. Bonded indebtedness.

Latest version.

A.

Only qualified voters may vote on a question of incurring bonded indebtedness by the borough. If the debt to be incurred is to be an areawide debt, the vote shall be areawide. If the debt to be incurred is to be limited to the area outside cities or a service area only, the vote shall be limited to the qualified voters who reside in the affected area.

B.

Notice of bonded indebtedness shall be given consistent with the provisions of KPB 4.10.060(D) and AS 29.47.190.

(Ord. No. 94-08, § 1(part), 1994)

                    
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