reglab/housing_qa huggingface dataset:
AK Stat § 44.88.210 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 4. General Administrative Provisions.|Sec. 44.88.210. Reports and publications.

(a) By January 10 of each year, the authority shall publish a report for distribution to the governor, legislature, and the public. The authority shall notify the legislature that the report is available. The report shall be written in easily understandable language. The report must include a financial statement audited by an independent outside auditor, a statement of the authority's investments under this chapter including an appraisal of the investments at market value, a comparison of the authority's performance with the goals of the authority and the levels of bonding and investment activities anticipated in the previous year's report under (b) of this section, and any other information the members of the authority believe would be of interest to the governor, the legislature, and the public. The annual income statement and balance sheet of the authority shall be published in at least one newspaper in each judicial district. The authority may also publish other reports it considers desirable to carry out its purpose. (b) The authority must include in its annual report under (a) of this section (1) an estimate of the investment activity of the authority under this chapter for the following 12-month period; and (2) an estimate of the amount of bonds to be issued during the following 12-month period.
AK Stat § 44.88.212 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 4. General Administrative Provisions.|Sec. 44.88.212. Fees charged by authority; prepayments.

(a) [Repealed, § 23 ch 123 SLA 1990.]  (b) The commitment fee for a loan commitment by the authority may not exceed two percent of the principal amount of the loan. (c) The authority may not limit, or charge a fee or penalty for, prepayment of a loan after five years from the inception of the loan.
AK Stat § 44.88.215 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 4. General Administrative Provisions.|Sec. 44.88.215. Confidentiality of records and information.

(a) In order to promote the purposes of this chapter, unless the records or information were a matter of public record before submittal to the authority, the following records and information shall be kept confidential if the person supplying the records or information or the project, bond, loan, or guarantee applicant or borrower requests confidentiality and makes an adequate showing to the executive director of the authority that the records or information are (1) income tax returns; (2) financial statements, profit-and-loss statements, and cash flow projections, except the information required by the authority to calculate debt service coverage on the loan; (3) financial business plans; (4) credit reports from consumer reporting agencies and other credit information obtained from banks, creditors, or other credit reporting entities; (5) trade secrets, including confidential proprietary information and confidential information about products, pricing, or manufacturing or business processes; (6) appraisals, except the name of the appraiser, the date of the appraisal, and the fair market value determined for the property appraised; (7) market surveys and marketing strategy information; or (8) any information required to be kept confidential by a federal law or regulation or by state law. (b) Information compiled by the authority from information described in (a) of this section shall be kept confidential unless disclosure is authorized by the person supplying the information and by the project, bond, loan, or guarantee applicant or borrower. (c) The records and information that the executive director of the authority determines to be confidential under (a) or (b) of this section are not public records under AS 40.25.110 - 40.25.220. (d) Nothing in this section shall prevent a legislator from reviewing information otherwise confidential under this section if the legislator has a valid legislative purpose for reviewing the information and if the legislator agrees to maintain the confidentiality of the information.
AK Stat § 44.88.380 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 4. General Administrative Provisions.|Sec. 44.88.380. Personal liability.

An officer, employee, or agent of the authority may not be held personally liable in a civil action for damages for an act done or omitted in good faith while performing the functions of office, employment, or agency under this chapter.
AK Stat § 44.88.400 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 5. Small Business Economic Development Revolving Loan Fund.|Sec. 44.88.400. Creation of a small business economic development revolving loan fund.

There is created in the authority a small business economic development revolving loan fund to carry out the purposes of AS 44.88.400 - 44.88.430, including the administration of a revolving loan fund qualified to receive revolving loan fund grants from the United States Economic Development Administration (EDA) under Title IX of the Public Works and Economic Development Act of 1965, as amended (42 U.S.C. 3121 et seq.). All money granted to the authority by the United States Economic Development Administration, all money appropriated to the fund, all principal and interest payments, and all money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under AS 44.88.400 - 44.88.430 shall be paid into the small business economic development revolving loan fund.
AK Stat § 44.88.410 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 5. Small Business Economic Development Revolving Loan Fund.|Sec. 44.88.410. Special account established.

(a) There is established as a special account within the small business economic development revolving loan fund the foreclosure expense account. This account is established as a reserve from fund equity. (b) The authority may expend money credited to the foreclosure expense account when necessary to protect the authority's security interest in collateral on loans made under AS 44.88.420 or to defray expenses incurred during foreclosure proceedings after a default by an obligor.
AK Stat § 44.88.420 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 5. Small Business Economic Development Revolving Loan Fund.|Sec. 44.88.420. Powers and duties of the authority.

(a) The authority may (1) accept United States Economic Development Administration revolving fund grants; (2) make loans to eligible applicants under the United States Economic Development Administration Long-Term Economic Deterioration (LTED) and Sudden and Severe Economic Dislocation (SSED) programs; (3) designate agents and delegate powers to them as necessary; (4) adopt regulations necessary to carry out its functions and to administer programs under United States Economic Development Administration guidelines, including regulations to establish reasonable fees for services provided; (5) establish amortization plans for the repayment of loans that may include extensions; and (6) charge and collect the fees established under this subsection. (b) [Repealed, § 28 ch 90 SLA 1991.]
AK Stat § 44.88.430 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 5. Small Business Economic Development Revolving Loan Fund.|Sec. 44.88.430. Disposal of property acquired by default or foreclosure.

The authority shall dispose of property acquired through default or foreclosure on a loan made under AS 44.88.400 - 44.88.430. Disposal shall be made in a manner that serves the best interests of the state and may include the amortization of payments over a period of years.
AK Stat § 44.88.500 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.500. Business and export assistance guarantees.

Subject to the requirements of AS 44.88.500 - 44.88.599, the authority may (1) guarantee new business and export assistance loans; and (2) guarantee new business and export assistance loans made to refinance existing loans.
AK Stat § 44.88.502 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.502. Effect of guarantee.

(a) A guarantee under AS 44.88.500 - 44.88.599 does not create a debt or liability of the state. (b) A guarantee under AS 44.88.500 may not be terminated, canceled, or revoked except under its terms. A guarantee held by a participating financial institution is presumed to be valid. (c) A guarantee or portion of a guarantee under AS 44.88.500 that relates to an export transaction must guarantee against commercial and political loss, in whole or in part, of principal and interest. The authority may require the borrower to obtain insurance against some or all of the loss guaranteed under AS 44.88.500. In this subsection, “political loss” means a loss incurred as a result of (1) a political risk that would be insurable under an export credit insurance policy issued by the Export-Import Bank of the United States; or (2) any other political risk that is actually insured under insurance the authority requires the borrower to obtain.
AK Stat § 44.88.505 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.505. Qualifications of applicant for new loan guarantee.

(a) A business enterprise may apply for a new loan guarantee under AS 44.88.500(1). (b) The authority may establish additional applicant qualifications by regulation. These qualifications may vary depending upon the type of business the applicant is engaged in.
AK Stat § 44.88.510 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.510. Application for new loan guarantee.

An applicant for a new loan guarantee shall provide information that the authority may require by regulation. The authority may require submission of an economic benefit analysis prepared by a person acceptable to the authority.
AK Stat § 44.88.515 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.515. Qualifications of applicant for debt refinancing guarantee.

A business enterprise may apply under AS 44.88.500(2) to guarantee the refinancing of existing debt.
AK Stat § 44.88.520 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.520. Application for debt refinancing guarantee.

An applicant for a debt refinancing guarantee shall provide the information that the authority may require by regulation.
AK Stat § 44.88.525 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.525. Conditions of debt refinancing guarantee.

The authority may not guarantee refinanced debt (1) unless the refinancing (A) is necessary to extend substantial debt payments over a longer period of time, thereby improving the applicant's net cash flow and working capital position consistent with the useful life of the assets being refinanced; (B) assists with short-term debt or cash expenditures when lenders will not extend reasonable longer terms to the applicant; and (C) creates additional economic opportunity or improves the viability of the borrower rather than just reducing the liability of the lender; or (2) unless the refinancing is necessary to place a permanent loan subsequent to an interim loan for financing of the project.
AK Stat § 44.88.530 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.530. Applicability of AS 44.88.535 - 44.88.560.

AS 44.88.535 - 44.88.560 apply to new loan guarantees and refinancing guarantees under AS 44.88.500.
AK Stat § 44.88.535 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.535. Conditions of loan guarantee.

(a) The authority may guarantee a loan under AS 44.88.500 - 44.88.599 if the (1) loan (A) is commercially reasonable; (B) contains payment provisions satisfactory to the authority; (C) is secured by adequate collateral; however, the authority may waive on a case-by-case basis the requirement of collateral for a loan guarantee of $100,000 or less for which the proposed loan term does not exceed five years, but the ability to waive the requirement of this subparagraph or the grant of a waiver does not prevent the financial institution that holds the loan guaranteed by the authority from requiring reasonable collateral for the loan; (2) borrower demonstrates the ability to repay the loan from either or both of the following: (A) net cash flow from the borrower; and (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 in the normal operation of a business within one year; (3) term of the loan does not exceed 20 years; (4) loan is originated with and serviced by a state chartered or federally chartered financial institution; (5) portion of the loan not guaranteed by the authority is held by the originating financial institution or another institution approved by the authority; (6) loan is made to a business with a majority interest held by state residents; and (7) loan guarantee provides a benefit to the borrower. (b) The authority may provide a guarantee of up to 80 percent of a loan that qualifies under AS 44.88.500 - 44.88.599. The ratio of the guarantee to the outstanding principal of the loan may not increase over the term of the loan. (c) The authority may guarantee the payment of interest on the guaranteed portion of a loan (1) in the manner established by the authority by regulation; and (2) for a period of time not to exceed (A) 90 days for loans or parts of loans not made to support an export transaction; (B) 180 days for loans or parts of loans made for a post-shipment loan guarantee to support an export transaction; in this subparagraph, “post-shipment loan guarantee” means a guarantee, or portion of a guarantee, that becomes effective after the export contract date that shipment of the related goods or raw materials or provision of the related services begins; or (C) 270 days for loans or parts of loans made for a pre-shipment loan guarantee to support an export transaction; in this subparagraph, “pre-shipment loan guarantee” means a guarantee, or part of a guarantee, that becomes effective before the export contract date that shipment of the related goods or raw materials or provision of the related services begins.
AK Stat § 44.88.540 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.540. Limitations of guarantees.

The authority may not issue a total of more than (1) $50,000,000 of loan guarantees; (2) $25,000,000 of loan guarantees in which the amount of the loan guarantee exceeds $500,000.
AK Stat § 44.88.545 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.545. Limitations of guarantees with respect to borrowers.

The authority may not provide a guarantee (1) of more than $1,000,000; (2) to an individual borrower that cumulatively, with the outstanding principal balance of other authority guaranteed indebtedness of that borrower, exceeds $1,000,000.
AK Stat § 44.88.550 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.550. Interest on guaranteed loan.

(a) The maximum interest rate that may be charged by a financial institution on a loan guaranteed by the authority is two and three-quarters percentage points above the prime rate. (b) If provision is made in the loan guarantee agreement, the interest rate on a loan guaranteed by the authority may increase or decrease in accordance with the changes in the prime rate.
AK Stat § 44.88.555 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.555. Servicing of guaranteed loans.

(a) The financial institution that holds a loan guaranteed by the authority under AS 44.88.500 - 44.88.599 shall (1) service the loan; (2) exercise diligence in collecting amounts due under the loan; and (3) comply with all requirements of the loan guarantee agreement. (b) Amounts received toward satisfaction of a default on a loan guaranteed under AS 44.88.500 - 44.88.599 shall be allocated between the lender and the fund according to the guaranteed percentage of the loan until the principal balance and accrued interest have been repaid.
AK Stat § 44.88.560 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.560. Powers of the authority.

The authority may (1) adopt regulations to implement AS 44.88.500 - 44.88.599; (2) establish terms and conditions for loan guarantees and refinancing agreements subject to the requirements of AS 44.88.500 - 44.88.599; (3) make and execute contracts and other instruments to implement AS 44.88.500 - 44.88.599; (4) charge reasonable fees that the authority may establish by regulation for the service it provides under AS 44.88.500 - 44.88.599; (5) acquire real or personal property by purchase, transfer, or foreclosure when the acquisition is necessary to protect the authority's interest in a loan or a loan guarantee; (6) exercise any other power necessary to implement AS 44.88.500 - 44.88.599; and (7) to the extent the authority considers it to be in its best interest to do so, use money to pay expenses relating to the liquidation of collateral securing loans guaranteed by the authority.
AK Stat § 44.88.570 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.570. Distribution of loans.

The authority shall distribute guarantees of new loans and guarantees of loans made to refinance existing loans under AS 44.88.500 - 44.88.599 to all regions of the state in an equitable manner.
AK Stat § 44.88.599 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 6. Business and Export Assistance Program.|Sec. 44.88.599. Definitions.

In AS 44.88.500 - 44.88.599 (1) “export transaction” means a contract for the sale of goods, services, or raw materials that includes a term that requires the goods, services, or raw materials, in whole or in part, to be shipped to or provided in a foreign country. (2) “prime rate” means the lowest United States money center prime rate of interest that is published in the Wall Street Journal.
AK Stat § 44.88.600 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 7. Rural Development Initiative Fund.|Sec. 44.88.600. Rural development initiative fund.

The rural development initiative fund is created in the authority outside of the revolving fund. The rural development initiative fund is a fund for the uses and purposes of AS 44.88.600 - 44.88.620. The rural development initiative fund consists of money or assets appropriated or transferred to the authority for the purposes of this section, and of loan repayments, interest, or other income earned on loans or investments of the fund. In addition, the authority may deposit other assets into the fund if the total value of those deposits does not exceed $2,000,000. The authority, in its discretion, may transfer money or other assets from the rural development initiative fund to the revolving fund.
AK Stat § 44.88.610 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 7. Rural Development Initiative Fund.|Sec. 44.88.610. Rural development loans.

(a) The authority may use money from the rural development initiative fund to make loans of up to $150,000 to a person, or loans of up to $300,000 to two or more persons, to be used for working capital, equipment, construction, or other commercial purposes by a business located in a community with a population of 5,000 or less that is not connected by road or rail to Anchorage or Fairbanks, or with a population of 2,000 or less that is connected by road or rail to Anchorage or Fairbanks. For purposes of this subsection, (1) “community” means a city as defined in AS 29.71.800 or a place in the unorganized borough that is not incorporated as a city and in which 25 or more individuals reside as a social unit; and (2) “connected by road” does not include a connection by the Alaska marine highway system. (b) The authority shall require collateral for each loan made under this section and shall require that a reasonable amount of money from other nonstate sources be committed for use on any project or enterprise for which money from a loan will be used. The authority by regulation may establish other conditions for loans. The authority shall by regulation establish rates of interest that are not less than four percent a year and terms of repayment for loans made under this section.
AK Stat § 44.88.620 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 7. Rural Development Initiative Fund.|Sec. 44.88.620. Disposal of property acquired by default or foreclosure.

The authority shall dispose of property acquired through default or foreclosure of a loan made from the rural development initiative fund. Disposal shall be made in a competitive manner that serves the best interests of the state, and may include the amortization of payments over a period of years. Proceeds from the disposal of property under this section shall be deposited into the fund.
AK Stat § 44.88.650 (2021)
2021 Alaska Statutes|Title 44. State Government|Chapter 88. Alaska Industrial Development and Export Authority|Article 8. Sustainable Energy Transmission and Supply.|Sec. 44.88.650. Sustainable energy transmission and supply development program.

The sustainable energy transmission and supply development program is created in the authority to promote and provide financing for qualified energy development in the state to alleviate unemployment and contribute to the state's economic welfare, economic diversity, and economic development.