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Article 1. Creation and Organization.
Sec. 44.88.010. Legislative finding and policy. - (a) The legislature finds, determines, and declares that (1) there...
Sec. 44.88.020. Creation of authority. - There is created the Alaska Industrial Development and Export Authority....
Sec. 44.88.030. Membership of authority. - (a) The membership of the authority consists of (1) the...
Sec. 44.88.040. Chairman and vice-chairman. - The members of the authority shall elect a chairman from...
Sec. 44.88.050. Meetings, compensation, officers, and employees. - (a) A majority of the members of the authority constitutes...
Sec. 44.88.060. Alaska Industrial Development and Export Authority revolving fund. - The Alaska Industrial Development and Export Authority revolving fund is...
Article 2. Purpose and Powers.
Sec. 44.88.070. Purpose of the authority. - The purpose of the authority is to promote, develop, and...
Sec. 44.88.080. Powers of the authority. - In furtherance of its corporate purposes, the authority has the...
Sec. 44.88.085. Administrative procedure. - (a) Except for AS 44.62.310 - 44.62.319 (Open Meetings Act),...
Article 3. Financial Provisions.
Sec. 44.88.088. Payment of dividend to state. - (a) The authority shall adopt a policy for payment of...
Sec. 44.88.090. Bonds of the authority. - (a) The authority may borrow money and may issue bonds,...
Sec. 44.88.095. Bonding limitations. - (a) The authority may not issue bonds in a 12-month...
Sec. 44.88.100. Trust indentures and trust agreements. - In the discretion of the authority, an issue of bonds...
Sec. 44.88.105. Capital reserve funds and capital reserve fund requirement. - (a) For the purpose of securing one or more issues...
Sec. 44.88.110. Validity of pledge. - It is the intention of the legislature that a pledge...
Sec. 44.88.120. Nonliability on bonds. - (a) Neither the members of the authority nor a person...
Sec. 44.88.130. Pledge of the state. - The state pledges to and agrees with the holders of...
Sec. 44.88.140. Exemption from taxation. - (a) Except as provided in AS 29.45.030(a)(1), the real and...
Sec. 44.88.150. Bonds legal investments for fiduciaries. - The bonds of the authority are securities in which all...
Sec. 44.88.155. Enterprise development account. - (a) The enterprise development account is established in the revolving...
Sec. 44.88.159. Interest rates. - (a) The interest rate on a loan purchased from the...
Article 4. General Administrative Provisions.
Sec. 44.88.165. Delinquent loans. - The authority shall adopt regulations to describe the circumstances under...
Sec. 44.88.170. Purchase of project and leases. - (a) Except as provided in (c) of this section, nothing...
Sec. 44.88.172. Economic development account. - (a) The economic development account is established in the revolving...
Sec. 44.88.173. Finance plan. - (a) Before approving a project financed under AS 44.88.172, the...
Sec. 44.88.174. Regional resource advisory council. - (a) Within 30 days after the authority adopts a resolution...
Sec. 44.88.177. Operation of projects. - If a project is financed under AS 44.88.172, the authority...
Sec. 44.88.178. Creation of subsidiaries. - The authority may create one or more subsidiary corporations for...
Sec. 44.88.180. Conflicts of interest. - (a) A member of the authority may not vote on...
Sec. 44.88.190. Operation of certain statutes excepted. - (a) The authority may not be considered or constitute (1)...
Sec. 44.88.200. Annual audit. - The authority shall have its financial records audited annually by...
Sec. 44.88.205. Compliance with executive budget act; authority finances. - (a) The operating budget of the authority is subject to...
Sec. 44.88.210. Reports and publications. - (a) By January 10 of each year, the authority shall...
Sec. 44.88.212. Fees charged by authority; prepayments. - (a) [Repealed, § 23 ch 123 SLA 1990.] (b) The...
Sec. 44.88.215. Confidentiality of records and information. - (a) In order to promote the purposes of this chapter,...
Sec. 44.88.380. Personal liability. - An officer, employee, or agent of the authority may not...
Article 5. Small Business Economic Development Revolving Loan Fund.
Sec. 44.88.400. Creation of a small business economic development revolving loan fund. - There is created in the authority a small business economic...
Sec. 44.88.410. Special account established. - (a) There is established as a special account within the...
Sec. 44.88.420. Powers and duties of the authority. - (a) The authority may (1) accept United States Economic Development...
Sec. 44.88.430. Disposal of property acquired by default or foreclosure. - The authority shall dispose of property acquired through default or...
Article 6. Business and Export Assistance Program.
Sec. 44.88.500. Business and export assistance guarantees. - Subject to the requirements of AS 44.88.500 - 44.88.599, the...
Sec. 44.88.502. Effect of guarantee. - (a) A guarantee under AS 44.88.500 - 44.88.599 does not...
Sec. 44.88.505. Qualifications of applicant for new loan guarantee. - (a) A business enterprise may apply for a new loan...
Sec. 44.88.510. Application for new loan guarantee. - An applicant for a new loan guarantee shall provide information...
Sec. 44.88.515. Qualifications of applicant for debt refinancing guarantee. - A business enterprise may apply under AS 44.88.500(2) to guarantee...
Sec. 44.88.520. Application for debt refinancing guarantee. - An applicant for a debt refinancing guarantee shall provide the...
Sec. 44.88.525. Conditions of debt refinancing guarantee. - The authority may not guarantee refinanced debt (1) unless the...
Sec. 44.88.530. Applicability of AS 44.88.535 - 44.88.560. - AS 44.88.535 - 44.88.560 apply to new loan guarantees and...
Sec. 44.88.535. Conditions of loan guarantee. - (a) The authority may guarantee a loan under AS 44.88.500...
Sec. 44.88.540. Limitations of guarantees. - The authority may not issue a total of more than...
Sec. 44.88.545. Limitations of guarantees with respect to borrowers. - The authority may not provide a guarantee (1) of more...
Sec. 44.88.550. Interest on guaranteed loan. - (a) The maximum interest rate that may be charged by...
Sec. 44.88.555. Servicing of guaranteed loans. - (a) The financial institution that holds a loan guaranteed by...
Sec. 44.88.560. Powers of the authority. - The authority may (1) adopt regulations to implement AS 44.88.500...
Sec. 44.88.570. Distribution of loans. - The authority shall distribute guarantees of new loans and guarantees...
Sec. 44.88.599. Definitions. - In AS 44.88.500 - 44.88.599 (1) “export transaction” means a...
Article 7. Rural Development Initiative Fund.
Sec. 44.88.600. Rural development initiative fund. - The rural development initiative fund is created in the authority...
Sec. 44.88.610. Rural development loans. - (a) The authority may use money from the rural development...
Sec. 44.88.620. Disposal of property acquired by default or foreclosure. - The authority shall dispose of property acquired through default or...
Article 8. Sustainable Energy Transmission and Supply.
Sec. 44.88.650. Sustainable energy transmission and supply development program. - The sustainable energy transmission and supply development program is created...
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...
Sec. 44.88.670. Use of fund balance. - Subject to the requirements of AS 44.88.650 - 44.88.690, the...
Sec. 44.88.680. Qualified energy development; powers and duties of the authority. - (a) Subject to the limitations of AS 44.88.690, for qualified...
Sec. 44.88.690. Limitations on financing; use as security. - (a) Unless the authority has obtained legislative approval by law,...
Article 9. New Markets Tax Credit Assistance Guarantee and Loan Program.
Sec. 44.88.700. New markets tax credit assistance guarantees and loans. - (a) Subject to the requirements of AS 44.88.700 - 44.88.799,...
Sec. 44.88.710. Effect of guarantee. - (a) A guarantee under AS 44.88.700 - 44.88.799 does not...
Sec. 44.88.715. Qualifications of applicant for new loan guarantee. - (a) A business enterprise that qualifies for new markets tax...
Sec. 44.88.720. Application for loan guarantee. - An applicant for a loan guarantee shall provide information that...
Sec. 44.88.730. Conditions of loan guarantee. - (a) The authority may guarantee a loan under AS 44.88.700...
Sec. 44.88.740. Servicing of guaranteed loans. - (a) The financial institution that holds a loan guaranteed by...
Sec. 44.88.750. New markets tax credit assistance leveraged loan. - (a) The authority may make a new markets tax credit...
Sec. 44.88.760. Limitations of guarantees and leveraged loans. - The combined outstanding principal balance of loan guarantees and loans...
Sec. 44.88.770. Powers of the authority. - The authority may (1) adopt regulations to implement AS 44.88.700...
Sec. 44.88.799. Definitions. - In AS 44.88.700 - 44.88.799, (1) “federal new markets tax...
Article 10. Arctic Infrastructure Development.
Sec. 44.88.800. Arctic infrastructure development program. - The Arctic infrastructure development program is created in the authority...
Sec. 44.88.810. Arctic infrastructure development fund. - The Arctic infrastructure development fund is established in the authority....
Sec. 44.88.820. Use of fund balance. - Subject to the requirements of AS 44.88.800 - 44.88.840, the...
Sec. 44.88.830. Qualified infrastructure development; powers and duties of the authority. - (a) Subject to the limitations of AS 44.88.840, for Arctic...
Sec. 44.88.840. Limitations on financing. - (a) Unless the authority has obtained legislative approval by law,...
Article 11. General Provisions.
Sec. 44.88.900. Definitions. - In this chapter, (1) “Arctic” means the area of the...