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Title 3 . Commerce, Community, and Economic Development
Chapter 99 . Commercial and Industrial Financing
Section 200. Scope of article

3 AAC 99.200. Scope of article

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 the Internal Revenue Code of 1986 (IRC), as amended, and which bonds are not secured solely by a project applicant or a project. A loan under the tax-exempt loan participation program is for permanent financing.

History: In effect before 1988; am 1/11/88, Register 106; am 11/30/90, Register 118; am 10/23/96, Register 141; am 2/11/99, Register 150; am 11/1/99, Register 153

Authority: AS 44.88.080

AS 44.88.085

AS 44.88.090

AS 44.88.155

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Last modified 7/05/2006