Sec. 44.88.215. Confidentiality of records and information.
(a) In order to promote the purposes of this chapter, unless the records or information were a matter of public record before submittal to the authority, the following records and information shall be kept confidential if the person supplying the records or information or the project, bond, loan, or guarantee applicant or borrower requests confidentiality […]
Sec. 44.88.155. Enterprise development account.
(a) The enterprise development account is established in the revolving fund. The enterprise development account is a trust fund for the uses and purposes of this chapter. The enterprise development account consists of money or assets appropriated or transferred to the authority and other money or assets deposited in it by the authority. (b) The […]
Sec. 44.88.380. Personal liability.
An officer, employee, or agent of the authority may not be held personally liable in a civil action for damages for an act done or omitted in good faith while performing the functions of office, employment, or agency under this chapter.
Sec. 44.88.159. Interest rates.
(a) The interest rate on a loan purchased from the proceeds of tax-exempt bonds secured by the Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund (AS 44.88.660) under AS 44.88.650 – 44.88.690 or by the Arctic infrastructure development fund (AS 44.88.810) under AS 44.88.800 – 44.88.840 or a loan participation […]
Sec. 44.88.400. Creation of a small business economic development revolving loan fund.
There is created in the authority a small business economic development revolving loan fund to carry out the purposes of AS 44.88.400 – 44.88.430, including the administration of a revolving loan fund qualified to receive revolving loan fund grants from the United States Economic Development Administration (EDA) under Title IX of the Public Works and […]
Sec. 44.88.165. Delinquent loans.
The authority shall adopt regulations to describe the circumstances under which it will discontinue purchasing loans from a financial institution because of excessive delinquencies among the loans previously purchased by the authority from the financial institution. In adopting the regulations, the authority must consider the authority’s delinquency experience with loans it purchased from all financial […]
Sec. 44.88.410. Special account established.
(a) There is established as a special account within the small business economic development revolving loan fund the foreclosure expense account. This account is established as a reserve from fund equity. (b) The authority may expend money credited to the foreclosure expense account when necessary to protect the authority’s security interest in collateral on loans […]
Sec. 44.88.170. Purchase of project and leases.
(a) Except as provided in (c) of this section, nothing in this chapter prevents the inclusion in a lease or other agreement relating to a project of a provision granting the right to purchase the project, or to renew or extend the lease or agreement, upon the terms and conditions that may be provided for […]
Sec. 44.88.420. Powers and duties of the authority.
(a) The authority may (1) accept United States Economic Development Administration revolving fund grants; (2) make loans to eligible applicants under the United States Economic Development Administration Long-Term Economic Deterioration (LTED) and Sudden and Severe Economic Dislocation (SSED) programs; (3) designate agents and delegate powers to them as necessary; (4) adopt regulations necessary to carry […]
Sec. 44.88.172. Economic development account.
(a) The economic development account is established in the revolving fund. The economic development account consists of money or assets appropriated, loaned, or transferred to the authority for deposit in the account and other money or assets deposited in the account by the authority. While money is on deposit in the economic development account, the […]