Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 3 . Commerce, Community, and Economic Development
Chapter 99 . Commercial and Industrial Financing
Section 530. Authority findings

3 AAC 99.530. Authority findings

Before approving a development project for which bonds must be issued, the authority must find, on the basis of all information reasonably available to it, that

(1) the project and its development under AS 44.88 will be economically advantageous to the state and to the general public welfare and will contribute to the economic growth of the state;

(2) the project applicant is financially responsible;

(3) the project is economically and financially feasible and able to produce revenue adequate to repay the bonds or loans with which it is financed;

(4) increased demand on public facilities that might result from the project will be provided for;

(5) the project will provide or retain employment reasonably related to the amount of the financing by the authority, considering the amount of investment per employee for comparable facilities, and other relevant factors;

(6) the scope of the project is sufficient to provide a reasonable expectation of a benefit to the economy of the state;

(7) the project is in compliance with applicable law; and

(8) issuance of the bonds is not expected to adversely affect the ability of the state or any political subdivision of the state to market other bonds.

History: Eff. 1/11/88, Register 106; am 11/30/90, Register 118

Authority: AS 44.88.080

AS 44.88.085

AS 44.88.095

AS 44.88.175

Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006