If a determination is made by the board that the bond issue should be done using a competitive sale method, the executive officer shall consult the corporation's bond counsel and financial advisor, structure the bond issue, and prepare the financing documents for consideration by the board. The corporation will authorize the bond issue in advance of the distribution of the official notice of sale to initiate the bidding process on the bonds. Bonds of the corporation sold in accordance with a competitive sale method will not be restricted to those firms included on the QUL.

(Eff. 7/31/2016, Register 219)

Authority: AS 14.42.150, AS 14.42.200, AS 14.42.265