Alaska § 44.88.750 - New markets tax credit assistance leveraged loan.
Full text of Alaska Alaska Statutes § 44.88.750 — New markets tax credit assistance leveraged loan., with citation guidance and answers to common questions.
§ 44.88.750. New markets tax credit assistance leveraged loan.
(a) The authority may make a new markets tax credit assistance leveraged loan under AS 44.88.700 (a)(2) only if the authority determines that an applicant for a new markets tax credit assistance guarantee is unable to obtain a leveraged loan from a financial institution under commercially reasonable terms. Before making the determination, the authority shall require the applicant to document that at least two financial institutions have reviewed an application for a leveraged loan for which the authority would issue a new markets tax credit assistance guarantee for the loan, and either rejected the application or approved the application subject to terms the authority determines are commercially unreasonable. The authority may require the applicant to submit applications for a leveraged loan to one or more additional financial institutions.
(b) Subject to (a) of this section, the authority may make a new markets tax credit assistance leveraged loan under AS 44.88.700 — 44.88.799 to the applicant to finance a portion of the project using funds from the enterprise development account ( AS 44.88.155 ).
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 44.88.750
What does Alaska Statutes § 44.88.750 cover?
Section 44.88.750 ("New markets tax credit assistance leveraged loan.") 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 § 44.88.750?
A common citation format is "Alaska Statutes § 44.88.750" (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 § 44.88.750 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.