Alaska § 44.88.700 - New markets tax credit assistance guarantees and loans.
Full text of Alaska Alaska Statutes § 44.88.700 — New markets tax credit assistance guarantees and loans., with citation guidance and answers to common questions.
§ 44.88.700. New markets tax credit assistance guarantees and loans.
(a) Subject to the requirements of AS 44.88.700 — 44.88.799, the authority may (1) guarantee new markets tax credit assistance leveraged loans; and
(2) make new markets tax credit assistance leveraged loans.
(b) New markets tax credit assistance guarantees and loans are limited to projects in the state for which new markets tax credits are allocated by a qualified community development entity.
(c) The authority shall determine that the project will promote economic development in the state before guaranteeing a leveraged loan or making a leveraged loan under AS 44.88.700 — 44.88.799.
(d) The authority may agree to restrictions and guidelines arising from the federal new markets tax credit program, including, for the seven-year tax credit period of the new markets tax credit project, (1) that interest only payments be made on the leveraged loan;
(2) that substantially all capital remain invested in the project;
(3) that acceptable collateral may be an interest in a qualified community development entity or an investment entity rather than in the project; and
(4) substantive restrictions on foreclosure of collateral.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 44.88.700
What does Alaska Statutes § 44.88.700 cover?
Section 44.88.700 ("New markets tax credit assistance guarantees and loans.") 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 § 44.88.700?
A common citation format is "Alaska Statutes § 44.88.700" (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 § 44.88.700 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.