The board of the authority may adopt an eligibility resolution for a project at any time. An application under 3 AAC 99.110 is not required before the board of the authority may adopt an eligibility resolution. An eligibility resolution may include other determinations or statements by the board to support the project or to permit costs of the project to be financed using proceeds of conduit revenue bonds, the interest on which is not included in gross income for federal income tax purposes under the code.

(Eff. 12/3/2010, Register 197)

Authority: AS 44.88.080, AS 44.88.085, AS 44.88.090