HB 331 unconstitutional
Alaska Supreme Court rules oil credit bonding prohibited under section 8
In a lengthy decision, issued Sept. 4, the Alaska Supreme Court found House Bill 331 unconstitutional.
The court ruled that the financing scheme under HB 331 “is the kind of constitutional ‘debt’ that the framers sought to prohibit under article IX, section 8 of the Alaska Constitution.”
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Goals of bill
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