Alaska § 44.88.840 - Limitations on financing.
Full text of Alaska Alaska Statutes § 44.88.840 — Limitations on financing., with citation guidance and answers to common questions.
§ 44.88.840. Limitations on financing.
(a) Unless the authority has obtained legislative approval by law, the authority may not use the Arctic infrastructure development fund established in AS 44.88.810 to make (1) a loan for more than one-third of the capital cost of an Arctic infrastructure development; or
(2) a loan guarantee if the amount of the guarantee exceeds $20,000,000.
(b) Financing under AS 44.88.830 is limited to the projected life of the Arctic infrastructure development, which may not be more than 40 years.
(c) Notwithstanding (a) of this section, the authority may use the Arctic infrastructure development fund established in AS 44.88.810 as security for a bond guarantee.
(d) The authority may guarantee a loan under AS 44.88.830 if the loan is made to a business with a majority interest held by state residents.
Article 11. Cook Inlet Oil and Gas Development Projects and Reserve-Based Lending.
Frequently Asked Questions About Alaska § 44.88.840
What does Alaska Statutes § 44.88.840 cover?
Section 44.88.840 ("Limitations on financing.") 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 § 44.88.840?
A common citation format is "Alaska Statutes § 44.88.840" (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 § 44.88.840 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.