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Title 3 . Commerce, Community, and Economic Development
Chapter 108 . Financial and Technical Assistance for Energy Systems, Facilities, and Equipment
Section 120. Conditions to receiving assistance

3 AAC 108.120. Conditions to receiving assistance

As a condition to providing assistance under 3 AAC 108.100 - 3 AAC 108.130, the authority will require the recipient to

(1) execute a grant agreement prepared by the authority that describes the terms and conditions of the assistance;

(2) execute a waiver of any sovereign immunity;

(3) provide a business plan or other documentation demonstrating to the satisfaction of the authority the recipient's ability to operate and maintain the facility for the public benefit for the facility's useful life and to replace the facility at the end of the facility's useful life;

(4) provide a cash match, property, services or another form of contribution to the project;

(5) establish that the recipient has title to or a leasehold interest in the site on which the facility is located; and

(6) comply with other terms and conditions that the authority determines are needed to maximize the public benefit from the assistance provided.

History: Eff. 3/25/2005, Register 173

Authority: AS 44.83.080

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Last modified 7/05/2006