- Alaska Statutes.
- Title 37. Public Finance
- Chapter 5. Fiscal Procedures Act
- Section 800. Restriction On Use of State Money For Residential Contracting.
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. Interpretation of Chapter.
AS 37.05.800. Restriction On Use of State Money For Residential Contracting.
- (a) The state may not grant or loan money or purchase a loan for the construction or alteration of a privately-owned
residential structure of one to four units unless the grant or loan requires the construction or alteration to be
undertaken by a residential contractor with an endorsement issued under AS 08.18. In this subsection, "alteration" means changes that have a
value greater than 25 percent of the value of the structure being altered.
- (b) The restriction of (a) of this section does not apply to a state loan or grant or purchase of a loan made for work
described in AS 08.18.161 that is exempt from the
requirements of AS 08.18.
Article 08. GENERAL PROVISIONS
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