Alaska Statutes Title 37, Chapter 37.17 - Alaska Bidco Assistance Program

• Sec. 37.17.010 - 37.17.110. Alaska Science and Technology Foundation. [Repealed, Sec. 8 Ch 2 Sla 2004].
  Repealed or Renumbered
• Sec. 37.17.200 - 37.17.390. Bidco Assistance Program. [Repealed, Sec. 8 Ch 2 Sla 2004].
  Repealed or Renumbered
• Sec. 37.17.400 - 37.17.430. Science and Engineering Research; Science Education. [Repealed, Sec. 8 Ch 2 Sla 2004].
  Repealed or Renumbered
• Sec. 37.17.440 International Trade and Business Endowment. [Repealed, Sec. 8 Ch 2 Sla 2004].
  Repealed or Renumbered
• Sec. 37.17.500 Purposes of Alaska Bidco Assistance Program.
  The purposes of AS 37.17.500 - 37.17.690 include(1) administering the Alaska BIDCO assistance program related to loans and other financial assistance made or provided...
• Sec. 37.17.510 Alaska Bidco Fund.
  The Alaska BIDCO fund is established in the general fund. The fund consists of appropriations made to the fund by the legislature and repayments...
• Sec. 37.17.520 Use of Money in Alaska Bidco Fund.
  (a) From the money in the Alaska BIDCO fund, the department may make loans or other financial assistance, as authorized under AS 37.17.520 -...
• Sec. 37.17.530 Bidco Capitalization Loans.
  Subject to AS 37.17.520 (b), a BIDCO capitalization loan for the initial capitalization of a BIDCO shall be made under the terms and conditions...
• Sec. 37.17.540 Loan Commitment Conditions.
  (a) When issuing a commitment to make a BIDCO capitalization loan, the department shall make the loan closing contingent on(1) the BIDCO's receiving a...
• Sec. 37.17.550 Initial Capitalization of Bidco.
  (a) Subject to AS 37.17.520 (b), the initial capitalization of a BIDCO to which the department makes a BIDCO capitalization loan must include(1) at...
• Sec. 37.17.560 Subordination of Bidco Capitalization Loan.
  A BIDCO capitalization loan may be subordinated to the additional capital required under AS 37.17.550 (a)(3).
• Sec. 37.17.570 Bidco Capitalization Loan Repayment and Interest.
  (a) A BIDCO capitalization loan must be structured so that the full amount of the principal is due in a lump sum at the...
• Sec. 37.17.580 Bidco Capitalization Loan Credits.
  (a) A BIDCO capitalization loan must include a formula that allows the BIDCO to earn credits to reduce the interest and principal owed on...
• Sec. 37.17.590 Implementation of Bidco Capitalization Loan Program.
  (a) The department shall implement the program for making BIDCO capitalization loans under AS 37.17.500 - 37.17.690 in a manner designed to encourage financing...
• Sec. 37.17.600 Terms of Bidco Capitalization Loans.
  When determining the amount or range of amount for a BIDCO capitalization loan, the term to maturity of the loan, the interest rate for...
• Sec. 37.17.610 Access to Meetings and Information.
  While a BIDCO loan is outstanding and the obligations of the BIDCO to the department remain undischarged, the BIDCO shall allow the department to...
• Sec. 37.17.620 Bidco Operation Limitation.
  While a BIDCO loan is outstanding and the obligations of the BIDCO to the department remain undischarged, the BIDCO may not provide financing assistance...
• Sec. 37.17.630 Surrender of Bidco License.
  While a BIDCO loan is outstanding and the obligations of the BIDCO to the department are not discharged, the BIDCO may not surrender its...
• Sec. 37.17.640 Closing Assistance.
  If determined by the department to be advisable, the department may use money in the Alaska BIDCO fund to provide assistance to a person...
• Sec. 37.17.650 Confidentiality.
  In order to promote the purposes of AS 37.17.500 - 37.17.690, the department may establish policies under which it will keep confidential proprietary information...
• Sec. 37.17.660 Subsequent Loans.
  Subject to the provisions of AS 37.17.520 (b), if the department determines that a BIDCO, after receiving a BIDCO capitalization loan, has performed well...
• Sec. 37.17.690 Definitions.
  In AS 37.17.500 - 37.17.690,(1) "additional capital" means the additional capital required under AS 37.17.550 (a)(3);(2) "BIDCO" means a corporation licensed under AS 10.13;(3)...

Last modified: November 15, 2016