Alaska Statutes Title 44, Chapter 44.88, Article 06 - Business and Export Assistance Program

• Sec. 44.88.500 Business and Export Assistance Guarantees.
  Subject to the requirements of AS 44.88.500 - 44.88.599, the authority may(1) guarantee new business and export assistance loans; and(2) guarantee new business and...
• Sec. 44.88.502 Effect of Guarantee.
  (a) A guarantee under AS 44.88.500 - 44.88.599 does not create a debt or liability of the state.(b) A guarantee under AS 44.88.500 may...
• Sec. 44.88.505 Qualifications of Applicant for New Loan Guarantee.
  (a) A business enterprise may apply for a new loan guarantee under AS 44.88.500 (1).(b) The authority may establish additional applicant qualifications by regulation....
• Sec. 44.88.510 Application for New Loan Guarantee.
  An applicant for a new loan guarantee shall provide information that the authority may require by regulation. The authority may require submission of an...
• Sec. 44.88.515 Qualifications of Applicant for Debt Refinancing Guarantee.
  A business enterprise may apply under AS 44.88.500 (2) to guarantee the refinancing of existing debt.
• Sec. 44.88.520 Application for Debt Refinancing Guarantee.
  An applicant for a debt refinancing guarantee shall provide the information that the authority may require by regulation.
• Sec. 44.88.525 Conditions of Debt Refinancing Guarantee.
  The authority may not guarantee refinanced debt(1) unless the refinancing(A) is necessary to extend substantial debt payments over a longer period of time, thereby...
• Sec. 44.88.535 Conditions of Loan Guarantee.
  (a) The authority may guarantee a loan under AS 44.88.500 - 44.88.599 if the(1) loan(A) is commercially reasonable;(B) contains payment provisions satisfactory to the...
• Sec. 44.88.540 Limitations of Guarantees.
  The authority may not issue a total of more than(1) $50,000,000 of loan guarantees;(2) $25,000,000 of loan guarantees in which the amount of the...
• Sec. 44.88.542 Discounted Loan Purchases. [Repealed, Sec. 21 Ch 111 Sla 1996].
  Repealed or Renumbered
• Sec. 44.88.545 Limitations of Guarantees With Respect to Borrowers.
  The authority may not provide a guarantee(1) of more than $1,000,000;(2) to an individual borrower that cumulatively, with the outstanding principal balance of other...
• Sec. 44.88.550 Interest on Guaranteed Loan.
  (a) The maximum interest rate that may be charged by a financial institution on a loan guaranteed by the authority is two and three-quarters...
• Sec. 44.88.555 Servicing of Guaranteed Loans.
  (a) The financial institution that holds a loan guaranteed by the authority under AS 44.88.500 - 44.88.599 shall(1) service the loan;(2) exercise diligence in...
• Sec. 44.88.560 Powers of the Authority.
  The authority may(1) adopt regulations to implement AS 44.88.500 - 44.88.599;(2) establish terms and conditions for loan guarantees and refinancing agreements subject to the...
• Sec. 44.88.570 Distribution of Loans.
  The authority shall distribute guarantees of new loans and guarantees of loans made to refinance existing loans under AS 44.88.500 - 44.88.599 to all...
• Sec. 44.88.599 Definitions.
  In AS 44.88.500 - 44.88.599(1) "export transaction" means a contract for the sale of goods, services, or raw materials that includes a term that...

Last modified: November 15, 2016