Alaska § 45.81.020 - Eligibility for grants.
Full text of Alaska Alaska Statutes § 45.81.020 — Eligibility for grants., with citation guidance and answers to common questions.
§ 45.81.020. Eligibility for grants.
(a) A new business or a business that is opening a new branch in the state is eligible for a new business incentive grant if (1) the business is primarily engaged in manufacturing a product for export outside of the state;
(2) the business will not directly compete with an existing business that is located in the state as determined by the department;
(3) for a business located in a municipality, the municipality has provided support to the business in a form and in an amount acceptable to the department;
(4) the business is primarily financed by the private sector; and
(5) the business has been recommended as complying with the requirements for a business incentive grant by the Alaska Industrial Development and Export Authority.
(b) The department shall prescribe by regulation the standards for new business incentive grant eligibility and the form and procedure for submitting grant applications. Subject to the availability of money in the new business incentive fund, the department may award a grant to an eligible applicant in an amount that does not exceed the amount recommended by the Alaska Industrial Development and Export Authority for that applicant.
Frequently Asked Questions About Alaska § 45.81.020
What does Alaska Statutes § 45.81.020 cover?
Section 45.81.020 ("Eligibility for grants.") 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 § 45.81.020?
A common citation format is "Alaska Statutes § 45.81.020" (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 § 45.81.020 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.