Alaska Statutes: AS 37.05.800. Restriction On Use of State Money For Residential Contracting.

Alaska Statutes. Title 37. Public Finance Chapter 5. Fiscal Procedures Act Section 800. Restriction On Use of State Money For Residential Contracting.

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AS 37.05.800. Restriction On Use of State Money For Residential Contracting.

(a) The state may not grant or loan money or purchase a loan for the construction or alteration of a privately-owned residential structure of one to four units unless the grant or loan requires the construction or alteration to be undertaken by a residential contractor with an endorsement issued under AS 08.18. In this subsection, "alteration" means changes that have a value greater than 25 percent of the value of the structure being altered.
(b) The restriction of (a) of this section does not apply to a state loan or grant or purchase of a loan made for work described in AS 08.18.161 that is exempt from the requirements of AS 08.18.

Article 08. GENERAL PROVISIONS

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