Alaska Administrative Code

Deleted. Notes 3 AAC 95.235 Eff. 11/26/81, Register 80; deleted as of Register 130, July 1994 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 …

Notes 3 AAC 95.240 Repealed 11/26/81. 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 to compa…

Notes 3 AAC 95.245 Eff. 11/26/81, Register 80; deleted as of Register 130, July 1994 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 …

Notes 3 AAC 95.250 Repealed 11/26/81. 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 to compa…

Notes 3 AAC 95.255 Eff. 11/26/81, Register 80; deleted as of Register 130, July 1994 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 …

Notes 3 AAC 95.260 Repealed 11/26/81. 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 to compa…

Notes 3 AAC 95.265 Eff. 11/26/81, Register 80; deleted as of Register 130, July 1994 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 …

Notes 3 AAC 95.270 Repealed 11/26/81. 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 to compa…

Notes 3 AAC 95.275 Eff. 11/26/81, Register 80; deleted as of Register 130, July 1994 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 …

Notes 3 AAC 95.280 Repealed 11/26/81. 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 to compa…

Notes 3 AAC 95.290 Repealed 11/26/81. 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 to compa…

Notes 3 AAC 95.300 Repealed 11/26/81. 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 to compa…

Notes 3 AAC 95.310 Repealed 11/26/81. 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 to compa…

Notes 3 AAC 95.320 Repealed 11/26/81. 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 to compa…

3 AAC 99.100 - 3 AAC 99.160 apply to applications submitted to the authority for financing of a project under the conduit revenue bond program. In 3 AAC 99.100 - 3 AAC 99.160, "conduit revenue bond program" means the authority's program of financing or participating in the financ…

(a) To request the authority's assistance under the conduit revenue bond program, a person must submit an application to the authority. The person may apply on a form provided by the authority. (b) The application must contain information sufficient to allow the authority to dete…

The board of the authority may adopt an eligibility resolution for a project at any time. An application under 3 AAC 99.110 is not required before the board of the authority may adopt an eligibility resolution. An eligibility resolution may include other determinations or stateme…

(a) An applicant for financing under the conduit revenue bond program must provide information requested by the authority and must notify the authority of any change in the project or the applicant that occurs after the original submission of the application that may affect the e…

(a) The authority will determine the appropriate bond, loan, and other documents to be presented to the board for approval of a conduit bond financing. The executive director will present documents to the board in substantially final form, together with a bond authorization resol…

The authority shall prepare all documents required and be responsible for the closing of the transaction. Notes 3 AAC 99.135 Eff. 11/30/90, Register 118; am 12/3/2011, Register 197 Authority:AS 44.88.080 AS 44.88.085 AS 44.88.090 AS 44.88.095 State regulations are updated quarter…

(a) At the time the authority issues bonds to provide financing for a project under 3 AAC 99.100 - 3 AAC 99.160, the applicant shall pay an issuance fee determined as follows: (1) if the bonds are subject to the volume cap provisions of 26 U.S.C. 147, the issuance fee is equal to…

Notes 3 AAC 99.150 Repealed 1/11/88. 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 to compar…

(a) If the authority intends to issue bonds for a project under the tax-exempt loan participation program (3 AAC 99.200 - 3 AAC 99.290) or the taxable loan participation program (3 AAC 99.300 - 3 AAC 99.390), the project is eligible for a composite bond issue subject to approval …

The provisions of 3 AAC 99.200 - 3 AAC 99.290 apply to an application submitted to the authority for authority participation in a loan that is or could be financed by the issuance of bonds the interest on which is excluded from gross income for federal income tax purposes under t…

If the authority under AS 44.88.155(g) waives or modifies the requirements of AS 44.88.155 to finance a project the authority intends to own or to finance a qualified energy development, the authority may waive the requirements of any substantially similar or implementing provisi…

(a) A business enterprise may apply for a loan under the umbrella loan program by submitting a loan application to an originator. The originator shall review the proposed use of the money and the applicant's eligibility. (b) The originator shall submit a preliminary application t…

(a) After adoption by the authority of an eligibility resolution under 3 AAC 99.210(c), or a determination of eligibility by the authority under 3 AAC 99.210(d), the originator and the applicant may prepare an application for authority participation in the loan (b) An application…

(a) The authority may participate in a loan made by an originator to acquire land, or to acquire or construct buildings, improvements, and structures on land, or to make improvements in the energy efficiency of buildings, improvements, and structures on land, if the loan satisfie…

(a) The authority may participate in a loan made by an originator to acquire or build fixtures, machinery, equipment, or other tangible personal property, including tangible personal property that constitutes improvements in energy efficiency, if the loan satisfies the conditions…

(a) The originator of a loan shall initially retain at least a 10 percent share of the principal amount of the loan and may not sell, transfer, or permit prepayment or other early retirement of any portion of its participation interest without the permission of the authority. How…

(a) The authority will determine whether to approve an application for the authority to participate in a real property or tangible personal property loan by evaluating (1) whether the requirements of AS 44.88.155 and 3 AAC 99.200 - 3 AAC 99.290 have been met; (2) the applicant's …

The originator of a loan who has submitted an application for a loan which is not approved by the authority may appeal that decision to the board by filing a written notice of appeal with the authority not later than 10 working days after the originator is notified that the loan …

Upon certification by the originator and the applicant that all provisions of the loan commitment has been complied with, the loan will be scheduled for closing review and payment of money to the originator. Notes 3 AAC 99.280 In effect before 1988; am 1/11/88, Register 106; am 1…

(a) The authority will enter into a servicing agreement with each originator that (1) provides that all servicing will be by the originator; (2) provides methods for the collection of delinquent payments of principal and interest and foreclosure or exercise of security rights und…

The provisions of 3 AAC 99.300 - 3 AAC 99.390 apply to an application submitted to the authority for authority participation in a loan that is or could be financed by the issuance of bonds the interest on which is not excluded from gross income for federal income taxes under the …

If the authority under AS 44.88.155(g) waives or modifies the requirements of AS 44.88.155 to finance a project the authority intends to own or to finance a qualified energy development project, the authority may waive the requirements of any substantially similar or implementing…

A loan under the taxable loan participation program is for permanent financing for a newly-constructed project or qualified energy development, the acquisition of an existing project or qualified energy development, or the refinancing of an existing project or qualified energy de…

Notes 3 AAC 99.310 Repealed 1/11/88. 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 to compar…

(a) A business enterprise may apply for a loan under the taxable umbrella loan program by contacting an originator. The originator shall review the proposed use of the loan, the applicant's eligibility, and any other matters the originator may determine necessary. When the origin…

(a) The authority may participate in a loan made by an originator to acquire land, or to acquire or construct buildings, improvements, and structures on land, or to make improvements in the energy efficiency of buildings, improvements, and structures on land, if the loan satisfie…

(a) The authority may participate in a loan made by an originator to acquire or build fixtures, machinery, equipment, or other tangible personal property, including tangible personal property that constitutes improvements in energy efficiency, if the loan satisfies the conditions…

(a) The originator of a loan shall initially retain at least a 10 percent share of the principal amount of the loan and may not sell, transfer, or permit prepayment or other early retirement of any portion of its participation interest without the permission of the authority. How…

(a) The authority will determine whether to approve an application for the authority to participate in a real property or tangible personal property loan by evaluating (1) whether the application requirements of AS 44.88.155 and 3 AAC 99.300 - 3 AAC 99.390 have been met; (2) the …

The originator of a loan who has submitted an application for a loan that is not approved by the authority may appeal that decision to the board by filing a written notice of appeal with the authority not later than 10 working days after the originator is notified that the loan a…

Upon certification by the originator and the applicant that all provisions of the loan commitment has been complied with, the loan will be scheduled for closing review and payment of money to the originator. Notes 3 AAC 99.380 In effect before 1988; am 1/11/88, Register 106; am 1…

(a) The authority will enter into a servicing agreement with each originator that (1) provides that all servicing be by the originator; (2) provides methods for the collection of delinquent payments of principal and interest, and foreclosure or exercise of security rights underta…

(a)3 AAC 99.500 - 3 AAC 99.599 apply to development projects that the authority intends to own and operate and to development projects for which the authority will or may provide project financing. (b) If authorized or permitted by law, the authority may waive any requirements of…