Sec. 44.88.900. Definitions.
In this chapter, (1) “Arctic” means the area of the state north of the Arctic Circle, north and west of the boundary formed by the Porcupine, Yukon, and Kuskokwim Rivers, all contiguous seas, including the Arctic Ocean, and the Beaufort, Bering, and Chukchi Seas, and the Aleutian Chain; (2) “Arctic infrastructure development” means (A) the […]
Sec. 44.88.760. Limitations of guarantees and leveraged loans.
The combined outstanding principal balance of loan guarantees and loans under AS 44.88.700 – 44.88.799 may not exceed $40,000,000.
Sec. 44.88.770. Powers of the authority.
The authority may (1) adopt regulations to implement AS 44.88.700 – 44.88.799; (2) establish terms and conditions for loan guarantees and loans, subject to the requirements of AS 44.88.700 – 44.88.799; (3) make and execute contracts and other instruments to implement AS 44.88.700 – 44.88.799; (4) charge reasonable fees and interest rates that the authority […]
Sec. 44.88.799. Definitions.
In AS 44.88.700 – 44.88.799, (1) “federal new markets tax credit program” means the program administered by the Community Development Financial Institutions Fund that arises out of 26 U.S.C. 45D (Internal Revenue Code) and related regulations; (2) “new markets tax credit” means tax credits that arise out of 26 U.S.C. 45D (Internal Revenue Code) and […]
Sec. 44.88.800. Arctic infrastructure development program.
The Arctic infrastructure development program is created in the authority to promote and provide financing for Arctic infrastructure development.
Sec. 44.88.650. Sustainable energy transmission and supply development program.
The sustainable energy transmission and supply development program is created in the authority to promote and provide financing for qualified energy development in the state to alleviate unemployment and contribute to the state’s economic welfare, economic diversity, and economic development.
Sec. 44.88.810. Arctic infrastructure development fund.
The Arctic infrastructure development fund is established in the authority. The fund consists of appropriations made to the fund by the legislature, money or other assets transferred to the fund by a majority vote of the members of the authority under AS 44.88.050 from any other fund controlled by the authority, and unrestricted loan repayments, […]
Sec. 44.88.660. Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund.
The Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund is established in the authority. The development fund consists of appropriations made to the development fund by the legislature, money or other assets transferred to the development fund by a vote of the members of the authority under AS 44.88.050 from […]
Sec. 44.88.820. Use of fund balance.
Subject to the requirements of AS 44.88.800 – 44.88.840, the authority may use money in the Arctic infrastructure development fund (AS 44.88.810) for Arctic infrastructure development.
Sec. 44.88.670. Use of fund balance.
Subject to the requirements of AS 44.88.650 – 44.88.690, the authority may use money in the Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund (AS 44.88.660) to assist in the construction, improvement, rehabilitation, and expansion of qualified energy development.