Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 13 - Alaska Industrial Development and Export Authority › Chapter 103 - Arctic Infrastructure Development Program › 3 AAC 103.070 - Full application

Current through May 31, 2024
A full application for financing under the Arctic
				  infrastructure development program must be submitted to the authority on the
				  form the authority has approved. The authority may require the applicant to
				  include with the completed full application form any or all of the
				  following:
(1) a letter of
				transmittal;
(2) current balance
				sheet and profit and loss statement for the applicant, not more than 90 days
				old; a fiscal-year balance sheet and profit and loss statement for the prior
				three years of operation of the applicant; current balance sheet and federal
				income tax return for the prior two years for any proposed guarantors and
				co-borrowers;
(3) copies of the
				applicant's federal income tax returns for the prior three years;
(4) a statement of all outstanding
				indebtedness of the applicant;
(5)
				proof of ownership of land on which the Arctic infrastructure development is to
				be sited, or a copy of the lease or other real property documents for the land
				related to the Arctic infrastructure development;
(6) a detailed description of the Arctic
				infrastructure development, including detailed legal description of all real
				property and detailed specifications for all tangible personal property that
				will be part of the Arctic infrastructure development;
(7) a detailed estimate of the cost of
				construction, improvement, rehabilitation, or expansion of the Arctic
				infrastructure development;
(8) an
				estimate of number of construction and permanent jobs to be created or retained
				by the Arctic infrastructure development;
(9) a copy of any pre-existing appraisals
				estimating the value of the real property where the Arctic infrastructure
				development is located;
(10) a
				financial feasibility analysis in a form and with a level of detail
				satisfactory to the authority;
(11)
				agreements or the terms for agreements in support of the financial feasibility
				analysis that the applicant reasonably expects to obtain; the agreements or
				terms must be provided for review;
(12) an environmental risk assessment
				satisfactory to the authority, followed by an environmental audit at the level
				specified by the authority, if required by the authority;
(13) a detailed development schedule, to
				include site selection, geotechnical investigation, schedule for and status of
				processes under 42 U.S.C.
				4321 -
				4347 (National Environmental
				Policy Act of 1969) (NEPA), status of project permits, including wetlands,
				wildlife impacts, and archeological data; the full application must include a
				discussion of whether NEPA requires an environmental impact statement or
				environmental assessment, and schedule for any level of NEPA activities and
				issuance of a record of decision;
(14) a public benefit statement enumerating
				the community and statewide benefits that the proposed Arctic infrastructure
				development will create, which may include
(A) improvement of environment;
(B) reduction in flow of money out of
				communities;
(C) economic
				development; and
(D) attraction of
				job creating industries to communities or regions;