MUNICIPALITY OF ANCHORAGE, ALASKA ...
BudgetAI Summary
The Municipality of Anchorage, Alaska issued $125,000,000 in General Obligation Tax Anticipation Notes with a maturity date of December 15, 2023, an interest rate of 4.250%, and a yield of 2.750%, rated SP-1+ by S&P Global Ratings. The Notes are full faith and credit obligations backed by the Municipality's unrestricted taxing power and are structured as book-entry securities with a minimum purchase amount of $25,000. Interest on the Notes is excludable from federal gross income for tax purposes under existing law, though it is subject to the federal alternative minimum tax for applicable corporations for tax years beginning after December 31, 2022, and is not subject to Alaska income tax on corporations.
Document preview
Preview blocked by the source? Use the "Open PDF" button above.
More budgets from Anchorage
- Budget
The Alaska Energy Authority Board met on April 26, 2018 at 10:00 am in Anchorage with six board members present, including Chair Russell Dick and Vice-Chair Dana Pruhs, along with staff and public observers. The board approved the agenda and adopted the March 1, 2018 meeting minutes without objection. Tom Wolf from the Denali Commission acknowledged AEA's assistance with approximately 24 grant actions. The board received a presentation on changes to the Rural Utilities Programs, with focus on the project-financing component of the Rural Power System Upgrade (RPSU) program, which addresses infrastructure maintenance for approximately 200 varied power systems in rural Alaska using federal and state grant funds.
AI summary