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- Alaska Statutes.
- Title 18. Health, Safety, and Housing
- Chapter 26. Alaska Medical Facility Authority
- Section 900. Definitions.
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. Issuance and Guarantee of Alaska Medical Facility Authority Bonds.
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AS 18.26.900. Definitions.
In this chapter, unless the context requires otherwise,
- (1) "authority" means the Alaska Medical Facility Authority created by this chapter;
- (2) "board" means the board of directors of the authority;
- (3) "bond resolution" means a resolution authorizing the issuance of, or providing terms and conditions related to,
revenue bonds issued under this chapter and includes any trust agreement, trust indenture, mortgage agreement, or deed
of trust providing terms and conditions for those bonds;
- (4) "bonds" means revenue bonds of the authority issued under this chapter, including refunding and refinancing those
- (5) "cost" includes, but is not necessarily limited to,
- (A) the cost incurred for developmental, planning, and feasibility studies, surveys, plans and specifications, and
architectural, engineering, legal or other special services;
- (B) the cost of acquisition of land and any buildings and improvements on it;
- (C) the cost of site preparation and development, including demolition or removal of existing structures, construction,
reconstruction, and equipment, including machinery, fixed equipment, and personal property;
- (D) carrying charges incurred during construction, up to and including the occupancy date;
- (E) interest on bonds issued to finance the project to a date six months after the estimated date of completion;
- (F) working capital not exceeding three percent of the estimated total cost of the project or three percent of the actual
total final cost, whichever is larger;
- (G) the fees and charges, if any, imposed by the authority or by others;
- (H) necessary expenses incurred in connection with the initial occupancy of the project, personnel recruitment, and the
cost of other items the authority determines to be reasonable and necessary;
- (6) "medical facility" includes, but is not limited to, any hospital, nursing home, intermediate care home, public health
center or outpatient clinic, facility for the developmentally disabled, a rehabilitation facility, a drug abuse and
alcoholism treatment facility, a mental health center, a health-care unit within a sheltered care home or home for
senior citizens; "medical facility" does not include any institution, place, or building used or to be used primarily
for sectarian instruction or study or as a place for devotional activities or religious work;
- (7) "operator" means any person who, by contract with the authority or by contract with a trustee who holds the position
of trustee under a trust agreement with the authority, has the responsibility for the day-to-day operation and
maintenance of a medical facility and over the development and implementation of long-range goals and objectives for
the medical facility; it includes any person acting as an agent or representative of an operator;
- (8) "property" means any real, personal, or mixed property, or any interest in it, including without limitation any real
estate, appurtenances, buildings, easements, equipment, furnishings, furniture, improvements, machinery, rights-of-way,
and structures, or any interest in any of these items;
- (9) "revenue" means, with respect to any medical facility, the rent, fees, charges, interest, principal repayments, and
other income or profit received or to be received, either directly or indirectly, by the authority from any source on
account of the facility.
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