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2018 Alaska Statutes
Title 37. Public Finance
Chapter 18. Alaska Tax Credit Certificate Bond Corporation
Sec. 37.18.080. Purposes; limitation on issuance.
Universal Citation: AK Stat § 37.18.080 (2018)
The proceeds of bonds may be used for the purposes described in AS 37.18.030, as appropriate. Bonds may not be issued unless the corporation first finds that the discount rate under AS 43.55.028(m) exceeds the true interest cost to be paid on the bonds by at least 1.5 percent annually.
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