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Title 3 . Commerce, Community, and Economic Development
Chapter 99 . Commercial and Industrial Financing
Section 540. Financing

3 AAC 99.540. Financing

Before issuing bonds or otherwise investing funds in a development project, the authority will enter into an agreement with any partners, joint venturers, or users of the facility to be constructed, providing for adequate guarantee of revenues to repay any indebtedness incurred by the authority for the project.

History: Eff. 1/11/88, Register 106; am 11/30/90, Register 118; am 9/25/92, Register 124

Authority: AS 44.88.080

AS 44.88.085

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Last modified 7/05/2006