Alaska Administrative Code

(a) The chief procurement officer may delegate that officer's authority with respect to procurements under 15 AAC 150.300 - 15 AAC 150.490 to an employee of the Corporation. Authority delegated under this subsection to the head of a procurement department may be delegated by that…

If federal money or other federal assistance is involved in a procurement by the Corporation, this chapter will govern except to the extent that it is superseded by federal regulations and provisions. In case of conflict, the federal regulations and provisions control. Notes 15 A…

The definitions set out in 15 AAC 150.900(6), (12), (13), (19), and (25) and in 15 AAC 150.910(b) apply to terms used in 15 AAC 150.300 - 15 AAC 150.490. Notes 15 AAC 150.490 Eff. 6/28/96, Register 138 Authority:AS 36.30.015(f) State regulations are updated quarterly; we currentl…

(a) The Corporation will, in its discretion, sell mobile homes, other residential housing units, and any other real property owned or acquired by the Corporation under terms approved by the executive director or the executive director's designee. The executive director may determ…

(a) The executive director will establish policies and procedures to determine adequate stock levels and inventory controls and for the management and disposition of Corporation-owned personal property and supplies. (b) The appropriate Corporation officer will act on behalf of th…

(a) The Corporation will, in its discretion and in accordance with the provisions of this section, sell or otherwise dispose of property not described in 15 AAC 150.500 or 15 AAC 150.510 under terms approved by the executive director. The Corporation will sell or otherwise dispos…

Notwithstanding any provision to the contrary in 15 AAC 150.500 - 15 AAC 150.520, the executive director shall dispose of property under 15 AAC 150.500 - 15 AAC 150.540 in accordance with applicable laws, regulations, guidelines, contractual requirements, or conditions imposed on…

The provisions of 15 AAC 150.500 - 15 AAC 150.530 do not apply to a disposition by the Corporation under 15 AAC 150.600 - 15 AAC 150.780. Notes 15 AAC 150.540 Eff. 5/7/93, Register 130 Authority:AS 18.56.088 State regulations are updated quarterly; we currently have two versions …

If the Corporation disposes of any vacant real property that was purchased and acquired by the Corporation under an urban renewal project or neighborhood development program receiving financial assistance from HUD, the Corporation will dispose of the property pursuant to 15 AAC 1…

The provisions of 15 AAC 150.600 - 15 AAC 150.780 and the most recent applicable HUD Urban Renewal Handbook that sets forth and implements provisions for the disposition and redevelopment of vacant real property will govern the procedures for the disposition of real property desc…

The Corporation will not dispose of real property that is located within the scope of an urban renewal plan or program until the governing municipality in which the real property is located has approved the urban renewal plan or program. Notes 15 AAC 150.620 Eff. 5/7/93, Register…

(a) The Corporation will cause a parcel of real property that is offered for sale to be appraised within 180 days of the date established for the execution of the disposal agreement. (b) If, in the opinion of the executive director, the fair market value of the parcel is less tha…

(a) In addition to the provisions required by the HUD Urban Renewal Handbook, the Corporation will give notice of an intended disposal of real property described in 15 AAC 150.600 as provided in this section. The Corporation will publish notice of the intended disposal at least o…

In addition to other requirements imposed on a bidder or a party submitting a proposal, a bidder in submitting a sealed bid shall declare in an affidavit whether a board member or employee of the Corporation has a financial, business, or familial interest in the property or with …

(a) The Corporation will, in its discretion, dispose of real property described in 15 AAC 150.600 through the solicitation of sealed bids for the purchase. The solicitation will conform to the provisions set out in 15 AAC 150.640. The solicitation of bids will contain the followi…

(a) The Corporation will, in its discretion, dispose of real property described in 15 AAC 150.600 through the solicitation of proposals for purchase and redevelopment of the real property. The solicitation will conform to the provisions set out in 15 AAC 150.640. The solicitation…

(a) The Corporation, before entering into any commitments for the disposition of any real property described in 15 AAC 150.600 on which substantial development will occur, will first permit all competing proposals for the development of that real property to be presented to a joi…

(a) The Corporation will not execute a disposal agreement for the purchase of a parcel of real property described in 15 AAC 150.600 until 45 days after the first date of newspaper publication of notice that the parcel is being offered for sale. (b) The Corporation will execute a …

(a) The redeveloper must submit a construction plan to the Corporation no later than 30 days after the execution of the disposal agreement. (b) The redeveloper must submit corrected construction plans to the Corporation no later than 15 days after the date the redeveloper receive…

(a) The redeveloper shall submit to the Corporation evidence of equity capital and commitment for mortgage financing no later than 30 days after notice to the redeveloper of approval of construction plans. (b) In this section, "evidence of equity capital and commitment for mortga…

The time set for delivery of the deed and payment of the purchase price shall not exceed 90 days from the execution of the disposal agreement. Notes 15 AAC 150.720 Eff. 5/7/93, Register 130 Authority:AS 18.55.100(a) AS 18.55.540 AS 18.56.088 State regulations are updated quarterl…

Upon completion of the construction, the redeveloper shall secure a certificate of occupancy from the municipality in which the property is located and furnish a copy of the Corporation. The Corporation will then issue a certificate of completion. In this section, "certificate of…

A party who submitted a bid or proposal to acquire property under 15 AAC 150.600 - 15 AAC 150.730, or any party that has been awarded the right to acquire property under 15 AAC 150.600 - 15 AAC 150.730, and who alleges a grievance or complaint because of any decision made by the …

An aggrieved party who files a protest or claim under 15 AAC 150.740 shall secure and post a bond, for the benefit of the Corporation, in the amount of $750. In the event that the appropriate Corporation officer or, if an appeal is taken, the chief procurement officer decides aga…

An appeal may be taken from the decision of the chief procurement officer to the superior court, State of Alaska, for judicial review. Notes 15 AAC 150.760 Eff. 5/7/93, Register 130 Authority:AS 18.55.100(a) AS 18.55.520 AS 18.56.088 State regulations are updated quarterly; we cu…

(a) Subject to 15 AAC 150.740 and 15 AAC 150.760, within 15 business days after the award is made by the Corporation's board of directors, the successful bidder will pay to the Corporation by certified or cashier's check made payable to the Corporation, the purchase price. At the…

The Corporation will make all bids and proposals with the names of the bidders and the amounts of the bids, together with all documents pertaining to the award of contract, a part of a file or record. These files or records will be open to public inspection at all reasonable time…

Notes 15 AAC 118.800 Eff. 8/28/90, Register 115; repealed 6/28/96, Register 138 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will …

Notes 15 AAC 118.870 Eff. 8/28/90, Register 115; repealed 6/28/96, Register 138 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will …

Notes 15 AAC 118.875 Eff. 8/28/90, Register 115; repealed 6/28/96, Register 138 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will …

In addition to the definitions contained in AS 18.55 and AS 18.56, the following terms have the following meanings for purposes of 15 AAC 150 - 15 AAC 155, unless the context requires otherwise: (1) "act" means AS 18.55 and AS 18.56; (2) "appraisal" means an estimation of value u…

(a) In addition to the definitions provided in 15 AAC 150.900, the following terms have the following meanings for purposes of 15 AAC 150.030 - 15 AAC 150.045: (1) "approved municipal building code" means the construction codes adopted and enforced by a municipality which the exe…

Notes 19 AAC 89.010 Eff. 4/8/92, Register 122 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions …

(a) Under the program and subject to the provisions of 15 AAC 151.100 - 15 AAC 151.340 and 15 AAC 151.600 - 15 AAC 151.660, the Corporation will purchase loans made to finance the purchase of residences. Each loan must be secured by a single-family residence, duplex, triplex, or …

(a) Each loan purchased by the Corporation as part of the special mortgage loan purchase program, except as otherwise provided in (f) of this section for loans to members of the Alaska delegation to Congress, must: (1) be serviced by a servicer approved by the Corporation; (2) co…

The provisions of 15 AAC 151.100 - 15 AAC 151.150 relate to the issuance by the Corporation of qualified mortgage bonds as described in Section 103A(c)(1) and (c)(2) of the Internal Revenue Code of 1954, as amended, and Section 143(a) of the Internal Revenue Code of 1986, as amen…

A person may finance the purchase of an owner-occupied residence with proceeds of qualified mortgage bonds issued by the Corporation pursuant to the Code and 15 AAC 151.100 - 15 AAC 151.150 if the purchase is eligible for financing with proceeds of those bonds. Notes 15 AAC 151.1…

A person is eligible under the program for a residential mortgage loan which is eligible for purchase by the Corporation under the act to finance the purchase of a residence. As used in 15 AAC 151.100 - 15 AAC 151.250, "residence" includes a duplex only if one unit of the duplex …

(a) Except as provided in (d) of this section, each of the mortgagors to whom financing to acquire a residence under 15 AAC 151.110 is provided must meet the requirements of this subsection. A mortgagor meets the requirements of this subsection only if the mortgagor had no presen…

(a) Each mortgagor to whom financing to acquire a residence under 15 AAC 151.110 or assistance under 15 AAC 151.300 - 15 AAC 151.340 is provided must meet the requirements of this subsection. The mortgagor meets the requirement of this subsection if: (1) for assistance under 15 A…

(a) The acquisition cost of each residence may not exceed the "specified percent" of the average area purchase price of the statistical area in which the residence being financed is located as determined by the executive director in accordance with the Code. The executive directo…

Section 103A(j) of the Internal Revenue Code of 1954, as amended, and Section 143(i)(2) of the Internal Revenue Code of 1986, as amended, provide that a mortgage loan financed under either of these sections of the Code may only be assumed by a borrower that meets the income (with…

Notes 15 AAC 151.135 Eff. 5/7/93, Register 130; repealed 5/25/2011, Register 204 Even though the repeal of 15 AAC 151.135 was effective 5/25/2011, it was not published until Register 204, January 2013. State regulations are updated quarterly; we currently have two versions availa…

Notes 15 AAC 151.140 Eff. 5/7/93, Register 130; repealed 5/25/2011, Register 204 Even though the repeal of 15 AAC 151.140 was effective 5/25/2011, it was not published until Register 204, January 2013. State regulations are updated quarterly; we currently have two versions availa…

(a) First lien mortgage loans may be purchased under 15 AAC 151.100 - 15 AAC 151.150 only if made to persons who did not have a mortgage (whether or not paid off) on the residence securing the mortgage note at any time prior to the execution of the mortgage. For purposes of this …

(a) The provisions of 15 AAC 151.200 - 15 AAC 151.250 relate to the issuance by the Corporation of qualified mortgage bonds as described in Section 143(b) of the Internal Revenue Code of 1986, as amended, and define and describe mortgages eligible to be financed with the proceeds…

(a) First lien mortgage loans may be purchased under 15 AAC 151.200 - 15 AAC 151.250 only if made to persons who did not have a mortgage (whether or not paid off) on the residence securing the mortgage note at any time prior to the execution of the mortgage. For purposes of this …

As provided in Section 143(e)(4) of the Internal Revenue Code of 1986, as amended, and AS 18.56.098(j), "qualifying veteran," for the purposes of the veterans' mortgage program, has the meaning provided for the term "qualified veteran" under the Mortgage Subsidy Bond Tax Act of 1…

(a) A person is a qualified veteran for purposes of the veterans' mortgage program if the person satisfies the requirements of (b) of this section and if the person has served on full-time duty, other than for training, in the United States Army, Navy, Marine Corps, Air Force, or…

(a) A person is a qualified veteran for purposes of the veterans' mortgage program if the person satisfies the requirements of 15 AAC 151.220(b) with regard to the duty described in this section and if the person has served on full-time duty, other than for training purposes, as …