The proceeds of bonds may be used for the purposes described in AS 37.18.030, as appropriate. Bonds may not be issued unless the corporation first finds that the discount rate under AS 43.55.028(m) exceeds the true interest cost to be paid on the bonds by at least 1.5 percent annually.
Structure Alaska Statutes
Chapter 18. Alaska Tax Credit Certificate Bond Corporation
Sec. 37.18.010. Alaska Tax Credit Certificate Bond Corporation.
Sec. 37.18.020. Board of directors.
Sec. 37.18.030. Bond authorization; powers of the corporation.
Sec. 37.18.060. Bond resolution.
Sec. 37.18.070. Enforcement by bond owner.
Sec. 37.18.080. Purposes; limitation on issuance.
Sec. 37.18.100. Bonds as legal investments.
Sec. 37.18.110. Limitation on judicial action.