Alaska Administrative Code

Notes 15 AAC 139.070 Repealed 12/26/86.

Notes 15 AAC 139.080 Repealed 12/26/86.

Notes 15 AAC 139.200 Repealed 1/19/91.

Notes 15 AAC 140.010 Eff. 6/16/88, Register 106; expired 1/1/90

Notes 15 AAC 140.020 Eff. 6/16/88, Register 106; expired 1/1/90

Notes 15 AAC 140.030 Eff. 6/16/88, Register 106; expired 1/1/90

Notes 15 AAC 140.040 Eff. 6/16/88, Register 106; expired 1/1/90

Notes 15 AAC 140.050 Eff. 6/16/88, Register 106; expired 1/1/90

This chapter applies to all applications by a municipality for a loan from the Alaska Municipal Bond Bank Authority through the purchase by the authority of municipal bonds of the municipality under AS 44.85. Notes 15 AAC 144.010 Eff. 4/1/76, Register 58; am 10/19/94, Register 13…

(a) The authority will, in its discretion, approve a loan to a municipality only if the loan meets the following criteria: (1) the authority determines the municipality to be creditworthy after evaluating the municipality's loan application and any other information the authority…

The authority will consider the following capital improvements, listed in order of preference, as preferred purposes for loans to municipalities: (1) school facilities; (2) waste water treatment facilities; (3) fire protection and public safety facilities; (4) deleted; (5) public…

Each application by a municipality for a loan from the authority shall be in a form approved by the authority, and must include: (1) evidence of the municipality's eligibility under 15 AAC 144.020; (2) a complete description of the purposes of the loan; (3) unless waived by the a…

When the information required by 15 AAC 144.040 is received by the executive director, the application is completed. The completed application will be evaluated by the executive director to determine whether the eligibility criteria set out in 15 AAC 144.020 have been met. Notes …

(a) The completed application along with the recommendation of the executive director and any other relevant information shall be transmitted to the board of directors for its review. (b) The board will, in its discretion, request that the executive director obtain additional inf…

Notes 15 AAC 144.070 Eff. 4/1/76, Register 58; repealed 10/19/94, Register 132

The board of directors of the authority shall determine the method of sale for each bond issue. In its report on each loan application, the authority's financial advisor shall recommend, based on the factors set out in (1) - (7) of this section, the method by which the authority …

(a) A municipality that submits a loan application shall make its books and records available for inspection by the authority or its agents upon the receipt of a reasonable request to inspect them. (b) The authority will, in its discretion, request that the municipality pay in ad…

In this chapter (1) "authority" means the Alaska Municipal Bond Bank Authority created by AS 44.85; (2) "executive director" means the executive secretary for the authority appointed under AS 44.85.070; (3) "creditworthy" means that, in the opinion of the authority, the current f…

Notes 15 AAC 145.010 Eff. 2/17/85, Register 93; repealed 2/20/2022, Register 241, April 2022

Notes 15 AAC 145.020 Eff. 2/17/85, Register 93; repealed 2/20/2022, Register 241, April 2022

Notes 15 AAC 145.030 Eff. 2/17/85, Register 93; repealed 2/20/2022, Register 241, April 2022

Notes 15 AAC 145.040 Eff. 2/17/85, Register 93; repealed 2/20/2022, Register 241, April 2022

Notes 15 AAC 145.050 Eff. 2/17/85, Register 93; repealed 2/20/2022, Register 241, April 2022

Notes 15 AAC 145.060 Eff. 2/17/85, Register 93; repealed 2/20/2022, Register 241, April 2022

Notes 15 AAC 145.070 Eff. 2/17/85, Register 93; repealed 2/20/2022, Register 241, April 2022

Notes 15 AAC 145.080

Notes 15 AAC 145.090 Eff. 2/17/85, Register 93; repealed 2/20/2022, Register 241, April 2022

Except as otherwise provided, the provisions of 15 AAC 150 apply to all programs of the Corporation, including the programs established in 15 AAC 151 - 15 AAC 155. The provisions of 15 AAC 150.030 - 15 AAC 150.110 constitute a part of the regulations of the Corporation for each p…

Whenever in 15 AAC 150 - 15 AAC 155 a regulation of the Corporation refers to making, participating in the making, purchasing, or participating in the purchasing of loans or to the making or awarding of grants, the regulation is subject to the availability of funds to the Corpora…

(a) Except in the case of a meeting of the board at which the issuance of Corporation bonds is authorized, not more than fifteen days and not less than seven days before each meeting, the Corporation will give public notice of the time, place, and subject of the meeting. In the c…

(a) The corporation will not make, participate in the making of, purchase, or participate in the purchase of a loan for the acquisition, construction, or improvement of residential housing the construction of which began after June 30, 1992, unless the residential housing is in c…

(a) The International Residential Code of 2018. with Alaska-specific amendments dated November 28, 2018. which are adopted by reference, shall constitute the residential building code for buildings used for residential purposes containing four or fewer dwelling units. This reside…

(a) Except as provided in (b) of this section, the Corporation will not make, participate in the making of, purchase, or participate in the purchase of a loan for a residential building, the construction of which begins after December 31, 1991, unless the building complies with t…

The Corporation will require as a condition of making, participating in the making of, purchasing, or participating in the purchase of a mortgage loan, a waiver and release from each borrower releasing the Corporation from any liability for any failure of the residential unit to …

The Corporation will not make, participate in the making, purchase, or participate in the purchase of a loan to an individual who has a past due child support obligation established by court order or by the child support services agency under AS 47.23.160 - 47.23.220. Notes 15 AA…

(a) The Corporation will establish and, in its discretion, from time to time revise rates of interest applicable to loans. The Corporation will not make, participate in the making of, purchase, or participate in the purchase of a loan unless the loan bears interest at the rate es…

(a) The Corporation will not make, participate in the making of, purchase, or participate in the purchase of a loan to finance the purchase of new housing or the improvement or rehabilitation of existing housing, unless the construction, improvement, or rehabilitation work has be…

(a) The corporation may purchase loans from originating lenders pursuant to the applicable program of the corporation under 15 AAC 151 - 15 AAC 155 only under the following terms and conditions: (1) the seller must be (A) approved by the applicable government agency if the seller…

(a) An institution that proposes to service a loan owned by the Corporation must have financial viability, in-state servicing capabilities, and general capacity to act as a servicer sufficient, in the sole judgment of the Corporation, to demonstrate full capacity and ability to p…

The Corporation will not originate or purchase a loan for any property which presents a threat to health or safety known by the Corporation, unless the threat will be eliminated through the application of the proceeds of the loan. The Corporation will not undertake to independent…

Notes 15 AAC 150.110 Eff. 5/7/93, Register 130; repealed 08/13/04, Register 178 Before Register 130, July, 1994, the substance of 15 AAC 150.110 was contained in former 15 AAC 118.260(a)(6) and 19 AAC 80.150. The history note for 15 AAC 150.110 does not reflect the history of the…

The board may waive all or part of the regulations of the Corporation if the board finds that such a waiver is in the best interest of the Corporation and that there is good cause for the waiver. Notes 15 AAC 150.120 Eff. 5/7/93, Register 130 Authority:AS 18.56.088

(a) The Corporation, in consultation with the Department of Law, will, in its discretion, establish standard contract clauses and forms for all Corporation contracts and agreements. (b) A Corporation contract or agreement may not be transferred or otherwise assigned without the p…

(a) Unless otherwise required by federal or state law or regulations, provisions of contracts to which the Corporation is a party or is otherwise bound, or the conditions of a grant, gift, bequest, cooperative agreement, or federal assistance agreement, 15 AAC 150.200 - 15 AAC 15…

(a) Appeals permitted by the following sections are subject to the provisions of this section: 15 AAC 150.030, 15 AAC 151.920, 15 AAC 151.930, 15 AAC 152.900, 15 AAC 155.020, 15 AAC 155.030, and 15 AAC 155.630. (b) An appeal under this section will be heard and decided by an appe…

(a) Appeals permitted by the following sections are subject to the provisions of this section: 15 AAC 150.320(p), 15 AAC 150.330(k), 15 AAC 150.380, 15 AAC 150.740, and 15 AAC 154.060. (b) An interested party may protest the award of a contract or grant, or low-income housing tax…