3 AAC 99.907 - Recovery zone facility bonds

(a) The procedures applicable to the authority regarding recovery zone facility bonds are contained in the booklet entitled "Manual of the Alaska Industrial Development and Export Authority Regarding Recovery Zone Facility Bonds," dated August 5, 2010, prepared by the authority, and adopted by reference in this section.

(b) Before the authority reallocates recovery zone facility bond volume cap under sec. 6, ch. 68 SLA 2010, the authority will charge and collect a fee equal to 0.25 percent of the amount of the volume cap reallocated. If the authority issues bonds using the reallocated recovery zone facility bond volume cap, the authority will reduce its fee for issuing the bonds by the amount of the fee charged under this subsection. The authority will refund the $500 fee it collects under 3 AAC 99.110(b) for an application received under 3 AAC 99.110 if (i) the application is submitted in conjunction with a request for RZF bond volume cap pursuant to Section 100 of the manual described in (a) of this section; (ii) the application includes an Exhibit E as described in section 100 of that manual; and (iii) the authority decides that it will not allocate any RZF bond volume cap for the project. The executive director of the authority may reduce or waive a fee charged under this subsection if the executive director determines that circumstances justify the reduction or waiver.

Notes

3 AAC 99.907

Eff. 9/22/2010, Register 196

Authority:AS 44.88.085

Sec. 6, ch. 68,

SLA 2010