Sec. 44.88.212. Fees charged by authority; prepayments.
(a) [Repealed, § 23 ch 123 SLA 1990.] (b) The commitment fee for a loan commitment by the authority may not exceed two percent of the principal amount of the loan. (c) The authority may not limit, or charge a fee or penalty for, prepayment of a loan after five years from the inception of […]
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. 44.88.060. Alaska Industrial Development and Export Authority revolving fund.
The Alaska Industrial Development and Export Authority revolving fund is established in the authority. The revolving fund consists of appropriations made to the revolving fund by the legislature, money or other assets transferred to the revolving fund by the authority, and unrestricted payments on loans made or purchased by the authority. Unless otherwise expressly stated, […]
Sec. 44.88.070. Purpose of the authority.
The purpose of the authority is to promote, develop, and advance the general prosperity and economic welfare of the people of the state, to relieve problems of unemployment, and to create additional employment by (1) providing various means of financing and means of facilitating the financing, in cooperation with federal, state, and private institutions, of […]
Sec. 44.88.080. Powers of the authority.
In furtherance of its corporate purposes, the authority has the following powers in addition to its other powers: (1) to sue and be sued; (2) to have a seal and alter it at pleasure; (3) to make and alter bylaws for its organization and internal management; (4) to adopt regulations governing the exercise of its […]
Sec. 44.88.085. Administrative procedure.
(a) Except for AS 44.62.310 – 44.62.319 (Open Meetings Act), the provisions of the Administrative Procedure Act regarding the adoption of regulations (AS 44.62.040 – 44.62.319) do not apply to the authority. The authority shall make available to members of the public copies of the regulations adopted under this section. (b) The authority may adopt […]