The provisions of 3 AAC 99.200 - 3 AAC 99.290 apply to an application submitted to the authority for authority participation in a loan that is or could be financed by the issuance of bonds the interest on which is excluded from gross income for federal income tax purposes under the code, and which bonds are not secured solely by a project applicant or a project or by a qualified energy development applicant or a qualified energy development. A loan under the tax-exempt loan participation program is for permanent financing.

(In effect before 1988; am 1/11/88, Register 106; am 11/30/90, Register 118; am 10/23/96, Register 141; am 2/11/99, Register 150; am 11/1/99, Register 153; am 4/25/2013, Register 207)

Authority: AS 44.88.080, AS 44.88.085, AS 44.88.090, AS 44.88.155