Alaska Statutes.
Title 37. Public Finance
Chapter 17. Alaska Bidco Assistance Program
Section 620. Bidco Operation Limitation.
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AS 37.17.620. Bidco Operation Limitation.

While a BIDCO loan is outstanding and the obligations of the BIDCO to the department remain undischarged, the BIDCO may not provide financing assistance to businesses located outside the state. If a business assisted by the BIDCO has multi-state or multi-national operations, the location of the business is where the largest economic benefit of the financing assistance transaction made by the BIDCO to the business is likely to occur.

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