Alaska § 44.88.730 - Conditions of loan guarantee.
Full text of Alaska Alaska Statutes § 44.88.730 — Conditions of loan guarantee., with citation guidance and answers to common questions.
§ 44.88.730. Conditions of loan guarantee.
(a) The authority may guarantee a loan under AS 44.88.700 — 44.88.799 if the (1) loan (A) is commercially reasonable;
(B) contains payment provisions satisfactory to the authority; and
(C) is secured by acceptable collateral;
(2) project (A) is allocated new markets tax credits by a qualified community development entity;
(B) promotes economic development in the state; and
(C) is not a housing project;
(3) borrower demonstrates the ability to repay the loan from either or both of the following: (A) net cash flow of the borrower;
(B) proceeds from the sale of current assets that are collateral for the loan if the sale or receipt of proceeds from the sale is an event that creates a payment obligation; in this subparagraph, “current asset” means property that will be or could be converted into cash within one year in the normal operation of a business;
(4) term of the loan does not exceed 10 years;
(5) loan is originated with and serviced by a financial institution.
(b) The authority may provide a guarantee for up to 100 percent of a loan that qualifies under AS 44.88.700 — 44.88.799.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 44.88.730
What does Alaska Statutes § 44.88.730 cover?
Section 44.88.730 ("Conditions of loan guarantee.") 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 § 44.88.730?
A common citation format is "Alaska Statutes § 44.88.730" (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 § 44.88.730 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.