reglab/statecodes huggingface dataset:
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.805 - Extension of time and leave to file late

Current through May 31, 2024
If a person is required by this chapter to respond or take
				  some action within a specified period of time, the agency may grant an
				  extension of time or leave to file late. The agency may grant the extension or
				  leave only upon request and proof of good cause for the failure to comply
				  within the specified period of time.
Authority:
AS
					 25.27.020
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.810 - Notification of orders and administrative proceedings

Current through May 31, 2024
(a) In every
				administrative proceeding for the establishment or modification of support or
				the establishment or disestablishment of paternity, the agency will provide
				notice of each proceeding to each party to the proceeding and to individuals
				who are applying for or receiving services from the agency that relate to the
				application for or receipt of service by the agency. The agency will send the
				notice no less than seven days prior to the proceeding or review in question,
				unless a different amount of time is provided in the regulation or statute
				governing the proceeding. The agency will send the notice by first class mail
				or by electronic means to the last known address of the party or individual
				that is on file with the agency.
(b) In every action taken by the agency
				establishing or modifying a support obligation or concluding that there should
				be no change in the amount of a support obligation, the agency will send a copy
				of the order issued by the agency that establishes or modifies a support
				obligation or makes the determination that there should be no change in the
				amount of the child support award. The agency will send the copies to each
				party to the proceeding within 14 days after issuance of the order or
				determination, unless a shorter time is provided by the regulation or statute
				governing the issuance of the order or determination.
(c) When the agency has received an order or
				judgment from the court under
				AS
				25.24.920, the agency will send a copy of the
				order or judgment to each party to the proceeding within 14 days after receipt.
				However, the agency may omit this requirement as to a party if it appears from
				the face of the document that the order or judgment has already been served on
				the party.
(d) In this section,
				"party" means:
(1) the custodial
				parent;
(2) the non-custodial
				parent;
(3) the original issuing
				tribunal, if other than the agency; and
(4) the initiating tribunal, if the agency is
				enforcing a support obligation at the request of another state.
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.815 - Role of agency in an appeal conducted as a formal hearing

Current through May 31, 2024
In a formal hearing conducted under
				  15 AAC 05.010 and
				  15 AAC 05.030 -
				  15 AAC 05.040, the agency
				  represents the public interest and is not a representative of an individual.
				  When the agency participates in a formal hearing, the agency acts
(1) to ensure that applicable law is properly
				applied;
(2) in the best interests
				of the children;
(3) to protect the
				state's financial interest in the case; and
(4) to further the resolution of the
				controversy.
Authority:
AS
					 25.27.020(a)
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.820 - State case registry

Current through May 31, 2024
As the central registry for all child support orders under
				  AS
				  25.27.020(a)(13), the agency
				  will receive, maintain, and provide all information that is required for child
				  support orders by state and federal law.
Authority:
AS
					 25.27.020(a)
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.825 - State disbursement unit

Current through May 31, 2024
(a) Because, under
				AS
				25.27.020(a)(6) and
				AS
				25.27.103, the agency has the duty to
				disburse child support payments that it collects, the agency is the state
				disbursement unit for the collection and disbursement of payments under support
				orders, as required by state and federal law.
(b) Upon written request of a party, the
				agency will promptly furnish to the party timely information on the current
				status of support payments under an order requiring payments to be made by or
				to the party. However, the provisions of this subsection do not apply when the
				agency is not enforcing the support order under circumstances in which
				immediate income withholding has been ordered and the agency is providing
				payment services only as required by federal law.
(c) The agency will distribute all amounts
				payable within two business days after receipt from the employer or other
				source of periodic income, if sufficient information identifying the payee is
				provided. However, the agency may delay the distribution of collections toward
				arrears until the resolution of a timely appeal with respect to those
				arrears.
Authority:
AS
					 25.27.020
AS 25.27.103
AS
					 25.27.105
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.830 - Determination of noncooperation

Current through May 31, 2024
(a) If the agency
				determines that an applicant for or recipient of assistance under AS 47.27
				(Alaska Temporary Assistance Program or ATAP) has failed to cooperate in good
				faith with the agency's efforts to establish paternity or to establish, modify,
				or enforce a child support order for a child for whom the assistance is
				received, the agency will
(1) make a
				determination of noncooperation based on the applicant's or recipient's failure
				to cooperate in good faith; and
(2)
				send a notice of noncooperation to the applicant or recipient; the notice must
(A) identify the reason for the agency's
				determination of noncooperation; and
(B) describe the action that the applicant or
				recipient is required to take in order for the applicant or recipient to be
				found to have cooperated with the agency.
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.835 - Use of social security numbers

Current through May 31, 2024
(a) The provisions
				of this section apply when the agency issues
(1) a notice and finding of financial
				responsibility under
				AS
				25.27.160;
(2) a notice of paternity and financial
				responsibility under
				AS
				25.27.165; or
(3) an order disestablishing paternity under
				AS
				25.27.166.
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.840 - Interest on child support arrears

Current through May 31, 2024
(a) The agency will
				charge the obligor interest on unpaid child support commencing on the last day
				of the first month following the date on which the child support payment became
				due. The agency will continue to charge interest on unpaid child support on the
				last day of each month thereafter until the child support is paid. The interest
				calculation for a given month is based on the principal amount of the child
				support arrears owed on the last day of the month immediately preceding the
				month for which interest is being calculated, less any payments received during
				the month for which interest is being calculated.
(b) If the support order was issued by a
				tribunal of another state, the agency will charge the obligor interest on
				unpaid child support under (a) of this section only if the state in which the
				support was issued has the statutory authority to charge interest and is
				currently charging interest on the arrears.
(c) The rate of interest charged under (a) of
				this section is
(1) the rate specified in
				AS
				25.27.025, if the support order was issued by
				an Alaska court or by the agency; or
(2) the interest rate specified in the law of
				the state that issued the support order, if the support order was issued by a
				tribunal in another state.
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.850 - Accommodations during administrative process for persons with disabilities

Current through May 31, 2024
(a) A
				qualified individual with a disability who is a party to an administrative
				proceeding for the establishment, modification, or enforcement of a support
				obligation or the establishment or disestablishment of paternity may request an
				accommodation by the agency to assure equal access to and participation in that
				proceeding. A request for an accommodation under this section must be made in
				writing, and if the request relates to a hearing to be held by the agency, the
				request must be received by the agency at least 10 days before the scheduled
				hearing.
(b) If a disability
				prevents the individual from writing, the agency, at the request of the
				individual, will seek the assistance of an advocate or assistance outside the
				agency to assist the individual in writing the request under (a) of this
				section.
(c) Upon receipt of a
				request under (a) of this section, the agency will provide a reasonable
				accommodation, including the use of auxiliary aids and services to assure the
				individual equal access to and participation in the administrative proceeding
				to the extent the agency determines is required by applicable law.
(d) In this section, "auxiliary aids and
				services," "disability," and "qualified individual" have the meaning given in
				28 C.F.R.
				35.104. For purposes of this section, the
				definitions of "auxiliary aids and services," "disability," and "qualified
				individual" given in 28
				C.F.R. 35.104, as revised as of July 1, 2000,
				are adopted by reference.
Authority:
AS
					 25.27.020
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.870 - Suspension, deferment or termination of ongoing support

Current through May 31, 2024
(a) The agency will
				suspend the ongoing support accruing under an administrative support order of
				this state for any periods of time during which the
(1) custodian of the child for whom support
				is sought is living with the parent identified as the obligor under the support
				order; or
(2) parent identified as
				the obligor has primary physical custody of the child, unless a valid custody
				order awards primary physical custody of the children to another
				parent.
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.873 - Termination of support order based on emancipation

Current through May 31, 2024
(a) Unless the
				order specifically provides otherwise, a support order terminates when the
				child is emancipated, dies, or is legally adopted or when the obligor's
				parental rights and obligations are terminated under a proceeding under AS
				47.10 or substantially similar laws in a state with jurisdiction over those
				proceedings.
(b) Except as provided
				in (c) of this section, a child will be considered emancipated if the child
(1) turns 18 years of age;
(2) is married according to law, unless the
				child is under the marriageable age of consent as defined in
				AS
				25.05.171(a);
(3) is legally emancipated by a court or
				other tribunal of competent jurisdiction; or
(4) enters the United States armed forces and
				is no longer being supported as a dependent by a parent, guardian, or designee
				of the parent or guardian.
Alaska Administrative Code › Title 15 - Revenue › Chapter 125 - Child Support Enforcement › Article 10 - Miscellaneous Provisions › 15 AAC 125.875 - Case closure

Current through May 31, 2024
(a) The agency will
				close a child support case when the requirements of
				45 C.F.R.
				303.11 are met. The requirements of
				45 C.F.R.
				303.11, as revised as of October 1, 2021, are
				adopted by reference.
(b) When the
				agency closes a case under (a) of this section, the agency will terminate all
				ongoing administrative actions, including all administrative actions to
				establish or enforce a support obligation for the children included in the
				case, except that if the closure is a result of a withdrawal from services by
				the party that applied for agency services, the applying party is no longer
				receiving any state assistance, and the agency is in the process of
				establishing an administrative support order against the non-custodial parent
				for reimbursement of public assistance or state-sponsored foster care or state
				placement, the agency will complete the administrative action to establish the
				support order and will continue with administrative enforcement actions to
				collect any amounts due to the state. Once any arrears owed to the state have
				been collected, the agency will close the case.
(c) Closure of a case under (a) of this
				section does not terminate or suspend the accrual of child support under an
				existing support order. When the agency closes a case under (a) of this
				section, any valid child support order for the children included in the case
				remains in effect unless the agency or another tribunal of competent
				jurisdiction specifically orders otherwise.
Authority:
AS
					 25.27.020
Alaska Administrative Code › Title 15 - Revenue › Chapter 133 - Alaska Science and Technology Foundation (Relocated)

Current through May 31, 2024
To reflect Executive Order No. 90 (1994), relocating the Alaska
				Science and Technology Foundation from the Department of Revenue to the
				Department of Community and Economic Development, the regulations attorney
				relocated the foundation's regulations to 3 AAC 233, as of Register 151
				(October 1999).
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.410 - Purpose of 15 AAC 137.410 - 15 AAC 137.530

Current through May 31, 2024
The purpose of
				  15 AAC 137.410 -
				  15 AAC 137.530 is to implement the
				  authority granted the APFC board of trustees under
				  AS
				  37.13.120(a) to specifically
				  designate the income-producing investments eligible for permanent fund
				  investments.
Authority:
AS
					 37.13.120
AS
					 37.13.206
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.420 - Permanent fund investments; institutional quality

Current through May 31, 2024
All permanent fund investments must be of a quality
				  considered acceptable by other prudent institutional investors, including
				  endowments, foundations, sovereign wealth funds, or public and private pension
				  funds.
Authority:
AS
					 37.13.120
AS
					 37.13.206
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.440 - Publicly traded equity investments

Current through May 31, 2024
The assets of the permanent fund may be invested in the
				  following publicly traded equity securities:
(1) preferred and common stock and other
				equity interests in entities organized in the United States and elsewhere,
				including ordinary shares, convertible debt securities, initial public
				offerings (IPO's), exchange traded funds (ETF's), American depository receipts
				(ADR's), American depository securities (ADS's), global depository securities
				(GDS's), and grantor trusts;
(2)
				equity derivatives, including forwards, futures, options, swaps, collateralized
				securities, and structured notes.
Authority:
AS
					 37.13.120
AS
					 37.13.206
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.450 - Real estate investments

Current through May 31, 2024
(a) The assets of
				the permanent fund may be invested in the following real estate investments:
(1) equity or debt interests in real estate
				that is
(A) improved by income-generating
				assets; or
(B) to be developed for
				commercial purposes;
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.460 - Alternative investments; other investment types and strategies

Current through May 31, 2024
(a) The assets
				of the permanent fund may be invested in the following additional investment
				types and strategies:
(1) limited liability
				private equity investment entities and funds-of funds whose investments and
				investment strategies include one or more of the following approaches:
(A) acquisitions, including buyouts, growth
				buyouts, platform add-ons, and industry consolidation;
(B) venture capital, including seed, early,
				middle, late, expansion, and diversified;
(C) debt, including mezzanine/subordinated
				debt, distressed debt, and venture leasing/debt;
(D) special situations, including
				industry-focused, turnaround, and diverse;
(E) other, including secondaries;
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.470 - Interests in collective or commingled investment funds

Current through May 31, 2024
The assets of the permanent fund may be invested in shares or
				  other interests in collective and commingled investment funds that invest
				  predominantly in investments otherwise permitted under
				  15 AAC 137.410 -
				  15 AAC 137.530.
Authority:
AS
					 37.13.120
AS
					 37.13.206
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.480 - Foreign currency transactions

Current through May 31, 2024
A manager of permanent fund assets may, with prior approval
				  of the executive director or the chief investment officer, utilize foreign
				  exchange transactions. Such transaction include currency forwards, futures,
				  swaps, options, and exchange traded funds, as well as currency strategies,
				  including hedging, crosshedging, and long short directional
				  strategies.
Authority:
AS
					 37.13.120
AS
					 37.13.206
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.490 - Short-selling

Current through May 31, 2024
In addition to the specific authority for the use of
				  short-selling strategies granted under
				  15 AAC 137.460, a manager of
				  permanent fund assets may, with the prior approval of the executive director or
				  the chief investment officer and consistent with the limitations on the use of
				  leverage provided under
				  15 AAC 137.500, utilize
				  short-selling as a part of the manager's overall investment
				  strategy.
Authority:
AS
					 37.13.120
AS
					 37.13.206
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.500 - Leverage

Current through May 31, 2024
(a) A manager of permanent fund assets may,
				with the prior approval of the executive director or chief investment officer,
				utilize leverage as part of the investment strategy for the portfolio for which
				the manager is responsible, so long as the creditor's recourse on the leverage
				amount is
(1) not a general obligation of the
				permanent fund or the APFC; and
(2)
				is limited to either
(A) the permanent fund
				assets for which the manager acts as manager; or
(B) other specific assets of the permanent
				fund.
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.510 - Lending of permanent fund-owned securities

Current through May 31, 2024
Securities purchased by or otherwise held for the permanent
				  fund may be loaned to securities dealers or financial institutions, if the loan
				  is collateralized by cash or securities having a market value of at least 102
				  percent of the market value of securities loaned.
Authority:
AS
					 37.13.120
AS
					 37.13.206
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.520 - Form of asset holdings

Current through May 31, 2024
Unless otherwise provided in
				  15 AAC 137.410 -
				  15 AAC 137.530, the APFC may
				  invest permanent fund assets directly in the name of the permanent fund,
				  through a limited liability entity, including a corporation, limited
				  partnership, limited liability partnership, or limited liability company, or
				  through a collective or commingled investment fund, including a
				  fund-of-funds.
Authority:
AS
					 37.13.120
AS
					 37.13.206
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 3 - Alaska Permanent Fund Corporation Investment Activities › 15 AAC 137.530 - Investments not otherwise permitted

Current through May 31, 2024
(a) The permanent
				fund may hold assets not otherwise authorized under
				15 AAC 137.410 -
				15 AAC 137.520 that
(1) were held by the permanent fund before
				January 1, 2006;
(2) are
				distributed to the permanent fund as the result of a liquidation of other
				assets held by the fund; or
(3) are
				acquired by a manager of permanent fund assets because the assets are included
				in an investment index that is applied by the APFC to measure that manager's
				investment performance.
Alaska Administrative Code › Title 15 - Revenue › Chapter 137 - Receipt, Custody, Investment, and Management of State Funds › Article 5 - General Provisions › 15 AAC 137.990 - Definitions

Current through May 31, 2024
Unless the context requires otherwise, in
				  15 AAC 137.610 -
				  15 AAC 137.990,
(1) "APFC" means the Alaska Permanent Fund
				Corporation established in
				AS
				37.13.040;
(2) "chief investment officer" means the
				chief investment officer of the APFC;
(3) "co-investment" means a direct investment
				of permanent fund assets in an entity at the same time and on the same or
				better economic terms as an investment of permanent fund assets in that entity
				made through a private equity or hedge fund permitted under
				15 AAC 137.460;
(4) "collective or commingled investment
				fund" means an entity whose purpose is to direct the collective investment of
				assets, including a common trust fund, a collective trust fund, a unit
				investment trust, an open-end or closed-end mutual fund, an open-end or
				closed-end registered investment company, or any other collective or commingled
				investment vehicle that is engaged primarily in the purchase and sale of
				securities or other assets;
(5)
				"commodities" means
(A) materials, such as
				gold, copper, silver, and petroleum;
(B) timber and other agricultural
				crops;
(C) foods;
(D) other natural resources; and
(E) products of the items identified in (A) -
				(D) of this paragraph;
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.010 - Scope of regulations

Current through May 31, 2024
This chapter applies to all applications by a municipality for
				a loan from the Alaska Municipal Bond Bank Authority through the purchase by
				the authority of municipal bonds of the municipality under AS
				44.85.
Authority:
AS
				  44.85.080
AS
				  44.85.095
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.020 - Eligibility

Current through May 31, 2024
(a) The authority will, in its discretion,
			 approve a loan to a municipality only if the loan meets the following criteria:
(1) the authority determines the municipality
			 to be creditworthy after evaluating the municipality's loan application and any
			 other information the authority considers relevant; and
(2) the authority determines, on the basis of
			 the completed application and other information, that the municipality would
			 have to pay unnecessarily high borrowing costs in an offering of its municipal
			 bonds to investors because of one or more of the following factors:
(A) the municipality has not issued municipal
			 bonds or the municipality has little outstanding debt;
(B) investors are unfamiliar with the
			 municipality because it has been newly incorporated or has experienced recent
			 rapid growth;
(C) the distance of
			 the state from capital markets makes the municipality's bonds less attractive
			 than bonds of a comparable municipality elsewhere in the United States;
			 or
(D) investors consider the
			 municipality's bonds to have an element of risk because of apprehension of
			 possible temporary economic dislocation due to the loss or prospective loss of
			 a major employer in the municipality.
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.030 - Preferred purposes

Current through May 31, 2024
The authority will consider the following capital improvements,
				listed in order of preference, as preferred purposes for loans to
				municipalities:
(1) school
			 facilities;
(2) waste water
			 treatment facilities;
(3) fire
			 protection and public safety facilities;
(4) deleted;
(5) public health facilities;
(6) public transportation
			 facilities;
(7) other capital
			 improvements.
Effective Register 132, January 1994, the regulations
				  attorney consolidated
				  15 AAC 144.030(4)
				  in 15 AAC 144.030(3)
				  to conform to
				  AS
				  44.85.180(d).
				  15 AAC 144.030(4)
				  was deleted to reflect that change.
Authority:
AS
				  44.85.080
AS 44.85.095
AS
				  44.85.180
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.040 - Application

Current through May 31, 2024
Each application by a municipality for a loan from the
				authority shall be in a form approved by the authority, and must
				include:
(1) evidence of the
			 municipality's eligibility under
			 15 AAC 144.020;
(2) a complete description of the purposes of
			 the loan;
(3) unless waived by the
			 authority based upon a finding that a substantially reliable financial
			 statement has been prepared, a financial statement certified by an independent
			 certified public accountant for the last fiscal year of the
			 municipality;
(4) identification of
			 the amount and sources of all financing required to complete the project;
			 and
(5) any additional information
			 or documentation requested by the executive director to determine the
			 municipality's eligibility under this chapter or AS 44.85.
Authority:
AS
				  44.85.080
AS
				  44.85.095
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.050 - Acceptance of completed applications

Current through May 31, 2024
When the information required by
				15 AAC 144.040 is received by the
				executive director, the application is completed. The completed application
				will be evaluated by the executive director to determine whether the
				eligibility criteria set out in
				15 AAC 144.020 have been
				met.
Authority:
AS
				  44.85.080
AS
				  44.85.095
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.060 - Board review

Current through May 31, 2024
(a) The completed application along with the
			 recommendation of the executive director and any other relevant information
			 shall be transmitted to the board of directors for its review.
(b) The board will, in its discretion,
			 request that the executive director obtain additional information and postpone
			 immediate action on the application.
(c) The authority will approve a loan
			 application for a project whose completion requires financing in addition to
			 the loan from the authority, only upon the condition that before the authority
			 issues bonds or disburses funds for the loan, the municipality demonstrates to
			 the authority's satisfaction that all financing required to complete the
			 project has been committed.
(d) The
			 authority may not approve a loan application from a municipality with an
			 obligation in default unless
(1) the
			 municipality has undertaken to cure the default in a manner approved by all
			 parties to the obligation; and
(2)
			 the authority finds that approval of the loan application will not have an
			 adverse effect on the authority's credit rating.
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.075 - Method of bond sale

Current through May 31, 2024
The board of directors of the authority shall determine the
				method of sale for each bond issue. In its report on each loan application, the
				authority's financial advisor shall recommend, based on the factors set out in
				(1) - (7) of this section, the method by which the authority should sell bonds
				to finance the loan. The authority will sell bonds at competitive sale unless
				the board determines that a negotiated sale is in the interest of the authority
				and the borrowing municipalities. In determining the method of sale, the board
				shall consider the following factors:
(1) size of the authority's bond
			 issue;
(2) schedule for issuance of
			 the authority's bonds;
(3) market
			 conditions, including interest rate volatility;
(4) market familiarity with bond
			 structure;
(5) whether the issue is
			 a new money or a refunding issue;
(6) expected credit rating of the issue;
			 and
(7) preference of a borrowing
			 municipality for a particular method of sale, and the municipality's reasons
			 for that preference, as stated in its loan application.
Authority:
AS
				  44.85.080
AS 44.85.095
AS
				  44.85.200
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.080 - Conditions

Current through May 31, 2024
(a) A municipality that submits a loan
			 application shall make its books and records available for inspection by the
			 authority or its agents upon the receipt of a reasonable request to inspect
			 them.
(b) The authority will, in
			 its discretion, request that the municipality pay in advance for the direct
			 cost of evaluating its application and no application will be considered until
			 the requested payment has been made.
(c) The authority will, in its discretion,
			 require that the applicant agree that in the event of a postponement of the
			 date of purchase of municipal bonds, the applicant will hold the authority
			 harmless from any liability arising out of reliance by the applicant or any
			 third party upon approval of the loan application.
(d) The authority will, in its discretion,
			 require that the loan agreement to be entered into provide terms, conditions
			 and limitations with respect to the amount of bonds that the municipality may
			 issue after execution of the agreement, the pledging of municipal revenues to
			 the municipal bonds purchased by the authority, and otherwise as in the opinion
			 of the authority are proper for the purposes and security of the authority and
			 the holders of its bonds and notes.
Authority:
AS
				  44.85.080
AS 44.85.095
AS
				  44.85.170
Alaska Administrative Code › Title 15 - Revenue › Chapter 144 - Municipal Bond Bank Authority › 15 AAC 144.090 - Definitions

Current through May 31, 2024
In this chapter
(1)
			 "authority" means the Alaska Municipal Bond Bank Authority created by AS
			 44.85;
(2) "executive director"
			 means the executive secretary for the authority appointed under
			 AS
			 44.85.070;
(3) "creditworthy" means that, in the opinion
			 of the authority, the current financial position of a municipality is such that
			 the municipality will be able to service its authorized and outstanding
			 municipal bonds without expectation of subsidy from state money not currently
			 available under state law and without imposing financial burdens upon its
			 residents that would create the expectation that its ability to service its
			 municipal bonds in the future will be impaired, and that there is no other
			 reason to expect that in the future the municipality will not be able to meet
			 its debt service obligations as they become due;
(4) "municipal bond" means municipal bond as
			 that term is defined in
			 AS
			 44.85.410;
(5) "facilities" means capital improvements,
			 including both real and personal property.
Authority:
AS
				  44.85.010
AS 44.85.080
AS 44.85.095
AS
				  44.85.410
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.010 - General provisions

Current through May 31, 2024
Except as otherwise provided, the provisions of 15 AAC 150
				  apply to all programs of the Corporation, including the programs established in
				  15 AAC 151 - 15 AAC 155. The provisions of
				  15 AAC 150.030 -
				  15 AAC 150.110 constitute a part
				  of the regulations of the Corporation for each program of the Corporation
				  described in 15 AAC 151 - 15 AAC 155 that involves the making, participating in
				  the making, purchasing, or participating in the purchase of a loan by the
				  Corporation and do not independently authorize or obligate the Corporation to
				  make, participate in the making, purchase, or participate in the purchase of a
				  loan.
Before Register 130, July, 1994, the substance of
					 15 AAC 150.010 was contained in
					 former 15 AAC 118.235. The history note
					 for 15 AAC 150.010 does not reflect
					 the history of the section under its former
					 number.
Authority:
AS
					 18.56.088
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.015 - Availability of funds

Current through May 31, 2024
Whenever in 15 AAC 150 - 15 AAC 155 a regulation of the
				  Corporation refers to making, participating in the making, purchasing, or
				  participating in the purchasing of loans or to the making or awarding of
				  grants, the regulation is subject to the availability of funds to the
				  Corporation for that purpose.
Authority:
AS
					 18.56.088
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.020 - Public notice of meeting

Current through May 31, 2024
(a) Except in the
				case of a meeting of the board at which the issuance of Corporation bonds is
				authorized, not more than fifteen days and not less than seven days before each
				meeting, the Corporation will give public notice of the time, place, and
				subject of the meeting. In the case of a meeting of the board at which the
				issuance of Corporation bonds is authorized, the Corporation will give public
				notice of the time, place, and subject of the meeting at least 24 hours before
				the meeting. The Corporation will give the notice by advertisement in a
				newspaper of statewide circulation.
(b) The Corporation will, in its discretion,
				establish additional procedures to insure that the public has a reasonable
				opportunity to be heard and that business at meetings will be conducted in an
				orderly process.
Before Register 130, July, 1994, the substance of
					 15 AAC 150.020 was contained in
					 former 15 AAC 118.240. The history note
					 for 15 AAC 150.020 does not reflect
					 the history of the section under its former
					 number.
Authority:
AS
					 18.56.040(d)
AS
					 18.56.088
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.030 - Minimum construction standards

Current through May 31, 2024
(a) The corporation
				will not make, participate in the making of, purchase, or participate in the
				purchase of a loan for the acquisition, construction, or improvement of
				residential housing the construction of which began after June 30, 1992, unless
				the residential housing is in compliance with the state building code adopted
				by the Department of Public Safety under
				13 AAC 50.020 or by the
				corporation under
				15 AAC 150.035, or is subject to
				an approved municipal building code. For purposes of this section, the
				construction of a residential unit will be considered to have been begun by
				June 30, 1992, if the pilings, footings, or foundation was started by that
				date.
(b) Each application for the
				purchase of a loan which is to be secured by a residential unit the
				construction of which began after June 30, 1992, must be accompanied by a
				release as described in
				15 AAC 150.045 and by either proof
				of the issuance of a certificate of final approval by an authorized inspector
				certifying that the residential unit complies with the state building code or
				proof of the issuance of a certificate of occupancy issued by a municipality
				with an approved municipal building code. In issuing a certificate of final
				approval, an authorized inspector may rely on inspections conducted by other
				authorized inspectors at earlier stages of construction. The inspector must
				certify that the residential unit was inspected and determined to be in
				compliance with the state building code at each of the following five stages of
				construction:
(1) plan approval;
(2) completion of footings and
				foundations;
(3) completion of
				electrical installation, plumbing, mechanical, and framing;
(4) completion of installation of insulation;
				and
(5) final approval.
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.035 - Adoption of residential building code and amendments

Current through May 31, 2024
(a) The
				International Residential Code of 2018. with Alaska-specific amendments dated
				November 28, 2018. which are adopted by reference, shall constitute the
				residential building code for buildings used for residential purposes
				containing four or fewer dwelling units. This residential building code is
				applicable to buildings whose construction began on or after January 1, 2019.
				and to a residential unit that is not located within a municipality that has an
				approved municipal building code as described in
				15 AAC 150.030.
(b) The version of the International
				Residential Code, with Alaska-specific amendments, applicable as the
				residential building code for buildings used for residential purposes
				containing four or fewer dwelling units shall be determined by the date
				construction began, as determined by the date the foundation began
				installation.
(i) Repealed
				11/28/2018;
(ii) Repealed
				11/28/2018;
(iii) Repealed
				11/28/2018.
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.040 - Compliance with building energy efficiency standard

Current through May 31, 2024
(a) Except as
				provided in (b) of this section, the Corporation will not make, participate in
				the making of, purchase, or participate in the purchase of a loan for a
				residential building, the construction of which begins after December 31, 1991,
				unless the building complies with the building energy efficiency standard
				adopted by the Corporation in
				15 AAC 155.010.
(b) The Corporation will make, participate in
				the making of, purchase, or participate in the purchase of a loan for a
				residential building the construction of which began after December 31, 1991,
				that does not comply with
				15 AAC 155.010 only if the loan applicant agrees, in
				writing, to bring the building into compliance with
				15 AAC 155.010 within one year of the date of the loan.
				The Corporation will, in its discretion, require the applicant to agree to any
				other terms it considers necessary to assure compliance with this section or to
				protect its investment in the loan.
(c) A residential building meets the energy
				efficiency standard for purposes of this section if it is in compliance with
				the energy efficiency standards as determined by any of the methods set forth
				by the Corporation under
				15 AAC 155.030.
(d) Repealed 1/31/2018.
Before Register 130, July, 1994, the substance of 15 AAC 150.040 was contained in former
					 15 AAC 118.269(b). The history note for
					 15 AAC 150.040 does not reflect the history of the section under its former
					 number.
As of Register 196 (January 2011), the regulations attorney
					 made a technical revision to 15 AAC 150.040(a) under
					 AS
					 44.62.125(b)(6), to correct
					 a manifest error by replacing "15 AAC 155.010", for "15 AAC 150.010", in addition to a minor stylistic
					 change.
Authority:
AS
					 18.56.088
AS
					 18.56.090
AS
					 18.56.096(c)
AS
					 18.56.099
AS
					 18.56.300
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.045 - Release of corporation

Current through May 31, 2024
The Corporation will require as a condition of making,
				  participating in the making of, purchasing, or participating in the purchase of
				  a mortgage loan, a waiver and release from each borrower releasing the
				  Corporation from any liability for any failure of the residential unit to meet
				  either the construction standards set forth at
				  15 AAC 150.030 or
				  15 AAC 155.010, for any threat to
				  health or safety contained in the residence, and for every other matter and
				  thing relating to the construction or physical condition of the unit regardless
				  of cause. Neither the making or purchase of a loan by the Corporation nor the
				  participation by the Corporation in the making or purchase of a loan is a
				  representation or warranty by the Corporation that a residence complies with
				  15 AAC 155.010, the standards
				  established in
				  15 AAC 150.030 or
				  15 AAC 150.100, or any other
				  construction standard. The Corporation will prepare a form of release to be
				  executed by each borrower prior to making, participating in the making,
				  purchasing, or participating in the purchase of a mortgage loan and will
				  incorporate the release into those loan documents the Corporation considers
				  appropriate.
Before Register 130, July, 1994, the substance of
					 15 AAC 150.045 was contained in
					 former 15 AAC 118.269(c). The history note for
					 15 AAC 150.045 does not reflect
					 the history of the section under its former number.
As of Register 199 (October 2011), the regulations attorney
					 made a technical edit to correct a manifest error in the text of
					 15 AAC 150.045.
Authority:
AS
					 18.56.088
AS
					 18.56.096(c)
AS
					 46.11.040
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.050 - Past due child support

Current through May 31, 2024
The Corporation will not make, participate in the making,
				  purchase, or participate in the purchase of a loan to an individual who has a
				  past due child support obligation established by court order or by the child
				  support services agency under AS 47.23.160 - 47.23.220.
The substance of
					 15 AAC 150.050 is derived from
					 19 AAC 89.020(d).
					 The history note for
					 15 AAC 150.050 does not reflect
					 the history of the section under
					 19 AAC 89.020(d).
As of Register 171 (October 2004), and acting under
					 AS
					 44.62.125(b)(6) and sec. 12,
					 ch. 107, SLA 2004, the regulations attorney made technical changes to reflect
					 the name change of the child support enforcement agency to the child support
					 services agency made by sec. 1, ch. 107, SLA
					 2004.
Authority:
AS
					 18.56.088
AS
					 18.56.096(a)(7)
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.060 - Determination of interest rates

Current through May 31, 2024
(a) The Corporation
				will establish and, in its discretion, from time to time revise rates of
				interest applicable to loans. The Corporation will not make, participate in the
				making of, purchase, or participate in the purchase of a loan unless the loan
				bears interest at the rate established under this section at the time of the
				making, purchasing, or participating by the Corporation. The rate of interest
				established and revised under this section will:
(1) not exceed the legal rate of interest in
				the state applicable to the type of loan involved;
(2) be adequate to insure the financial
				viability of the Corporation's bond and note financing programs and comply with
				the requirements of contracts entered into with holders of the Corporation's
				bonds and notes;
(3) comply with
				all provisions of law, including United States Treasury regulations, applicable
				to the Corporation and its loans; and
(4) be designed to promote the use of the
				programs by qualifying residents of the state.
Alaska Administrative Code › Title 15 - Revenue › Chapter 150 - Alaska Housing Finance Corporation › Article 1 - General Provisions › 15 AAC 150.070 - Contractor prerequisites for loans

Current through May 31, 2024
(a) The Corporation
				will not make, participate in the making of, purchase, or participate in the
				purchase of a loan to finance the purchase of new housing or the improvement or
				rehabilitation of existing housing, unless the construction, improvement, or
				rehabilitation work has been performed by a contractor who is registered to
				work as a contractor under AS 08.18.
(b) This section does not apply if the
				construction, improvement, or rehabilitation work:
(1) has been totally or substantially
				performed by the borrower;
(2) has
				been performed by a borrower who acts as the contractor for the construction,
				improvement, or rehabilitation work; or
(3) has been performed in an area designated
				by the Corporation as exempt from the requirements of this section because of
				the unavailability of registered contractors in that area.