Alaska § 37.15.800 - Tax-exempt bonds and tax credits.
Full text of Alaska Alaska Statutes § 37.15.800 — Tax-exempt bonds and tax credits., with citation guidance and answers to common questions.
§ 37.15.800. Tax-exempt bonds and tax credits.
(a) As authorized under 26 U.S.C. 146(e), the state bond committee shall allocate the private activity bond volume limit for the state. Each year at least 25 percent of the limit shall be allocated to municipalities. If the committee determines that a portion of the limit allocated to municipalities will not be used by a municipality during that year, the committee may reallocate that portion.
(b) The committee may make a carry-forward election under 26 U.S.C. 146(f) with respect to all or a portion of the private activity bond volume limit, including allocations that lapse under (c) or (d) of this section.
(c) An amount allocated under (a) of this section lapses on December 30 of the year in which the allocation was made unless (1) the entity that received the allocation uses it before that date; or
(2) the amount allocated is the subject of a carry-forward election under 26 U.S.C. 146(f).
(d) The committee may adopt regulations relating to the lapsing of amounts under (c) of this section. Regulations adopted under this subsection may establish times when allocated amounts will lapse in addition to the time provided in (c) of this section.
(e) The committee shall allocate tax credit limits and tax-exempt bond limits for the state in accordance with requirements imposed by federal law in connection with the tax credits and tax-exempt bonds. This subsection does not apply to low-income housing tax credits, qualified veterans' mortgage bonds under applicable provisions of 26 U.S.C. (Internal Revenue Code), or private activity bonds.
(f) In this section, (1) “private activity bond” means a bond described in 26 U.S.C. 141;
(2) “private activity bond volume limit” means the maximum amount of private activity bonds that may be issued under 26 U.S.C. 146 during a calendar year in the state by all issuers, including the state, municipalities in the state, and public corporations that are agencies of either the state or a municipality in the state.
Article 8. Pension Obligation Bonds.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 37.15.800
What does Alaska Statutes § 37.15.800 cover?
Section 37.15.800 ("Tax-exempt bonds and tax credits.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 37.15.800?
A common citation format is "Alaska Statutes § 37.15.800" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 37.15.800 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.