(a) A business enterprise that qualifies for new markets tax credits for a project may apply for a loan guarantee under AS 44.88.700(a)(1).
(b) The authority may establish additional applicant qualifications by regulation. Those qualifications may vary depending on the type of business in which the applicant is engaged.
Structure Alaska Statutes
Chapter 88. Alaska Industrial Development and Export Authority
Article 9. New Markets Tax Credit Assistance Guarantee and Loan Program.
Sec. 44.88.700. New markets tax credit assistance guarantees and loans.
Sec. 44.88.710. Effect of guarantee.
Sec. 44.88.715. Qualifications of applicant for new loan guarantee.
Sec. 44.88.720. Application for loan guarantee.
Sec. 44.88.730. Conditions of loan guarantee.
Sec. 44.88.740. Servicing of guaranteed loans.
Sec. 44.88.750. New markets tax credit assistance leveraged loan.
Sec. 44.88.760. Limitations of guarantees and leveraged loans.