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(a) Loan money will be disbursed after the borrower has complied with the provisions of the loan documents and the requirements of this chapter by the authority.
(b) Loan money will be disbursed upon receipt by the authority, division of energy of delivery bills and fuel invoices.
(c) No loan money will be disbursed until the loan agreement, the borrowing resolution, the promissory note, and the resolution waiving sovereign immunity, when applicable, have been signed by the authorizing signatories and received by the authority.
History: Eff. 2/16/96, Register 137
Authority: AS 42.45.250
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Last modified 7/05/2006