Section 3.101.100. Board review.

	(a)  An application the loan committee approves will be put on the agenda for consideration at the next available board meeting. An application the loan committee rejects will not be put on the agenda for the board's consideration unless the applicant requests board consideration. To request board consideration, an applicant must file an appeal in accordance with 3 AAC 101.150.  
	(b)  The board may accept or reject the application regardless of the loan committee's recommendation. The decision of the board to accept or reject an application will constitute the final decision of the authority on the application.  
	(c)  If the board approves an application, the authority will issue to the applicant a commitment letter to finance the qualified energy development. The applicant must accept the commitment letter in writing within 20 working days after its issuance.  

Authorities

44.88.085;44.88.670;44.88.680

Notes

Reference

3 AAC 101.180
3 AAC 101.190

Authority

AS 44.88.085 AS 44.88.670 AS 44.88.680 Editor's note: Even though 3 AAC 101.100 was adopted and effective 4/25/2013, it was not published until Register 207, October 2013.

History

Eff. 4/25/2013, Register 207

References

3.101.100