3 AAC 101.110 - Application evaluation standards
The authority may approve or reject a full application for financing under the SETS program and fund by evaluating the following:
(1) whether the application requirements of
this chapter have been met;
(2) the
applicant's credit standing;
(3)
the economic and financial viability of the proposed qualified energy
development;
(4) the impact of the
proposed qualified energy development on the portfolio of the SETS program and
fund, considering the concentration by industry area, technology, and
geographic region and the concentration of financing provided to a single
borrower and related obligors with respect to all of the authority's financing
programs;
(5) whether and the
extent to which the financing is consistent with the fulfillment of the
purposes of the SETS program and fund established in
AS
44.88.650; and
(6) any other commercially reasonable
underwriting criteria the authority, in its discretion, determines to be
pertinent to the application, given the terms of the financing or the nature of
the applicant or the proposed qualified energy development.
Notes
Even though 3 AAC 101.110 was adopted and effective 4/25/2013, it was not published until Register 207, October 2013.
Authority:AS 44.88.085
AS 44.88.650
AS 44.88.670
AS 44.88.680
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