2006 Alaska Statutes
Title 37 PUBLIC FINANCE
Chapter 37.17. ALASKA BIDCO ASSISTANCE PROGRAM
Sec. 37.17.500. Purposes of Alaska BIDCO assistance program.
The purposes of AS 37.17.500 - 37.17.690 include
(1) administering the Alaska BIDCO assistance program related to loans and other financial assistance made or provided under AS 37.17.500 - 37.17.690;
(2) assisting in the formation and capitalization of one or more BIDCOs that have a highly qualified management team and a good business plan, and that are designed to operate in a profit-oriented, market-disciplined manner, with excellent prospects for long-term financial success and viability;
(3) promoting economic development by providing a new source of risk capital and management assistance for businesses, especially small- and medium-sized businesses, in geographic areas throughout the state, including businesses in rural areas and distressed areas, and including minority-owned businesses;
(4) using state resources to attract other capital resources; and
(5) promoting the successful operation of BIDCOs.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
