Section 3.101.130. Guarantee fees.

	(a)  For any financing under the SETS program and fund that is in the form of a guarantee, the applicant must pay the authority a guarantee fee in the amount the authority in its discretion determines to be appropriate. The authority will inform the applicant of the guarantee fee in the commitment letter issued for a guaranty.  
	(b)  The authority may set the guarantee fee as a one-time fixed amount, a one-time percentage of the amount guaranteed, a recurring annual fixed amount, a recurring annual percentage of the amount guaranteed, or a combination of these kinds of amounts. In setting a guarantee fee, the authority will consider the following:  
		(1) the amount and duration of the guarantee and any other conditions of the guarantee;  
		(2) the nature and credit standing of the applicant;  
		(3) the nature and economic and financial viability of the qualified energy development;  
		(4) the security provided to the authority for the issuance of the guaranty;  
		(5) the risk to the authority in providing the guaranty;  
		(6) the financial benefit the applicant or the qualified energy development receives from the authority's guaranty; and  
		(7) any other commercially reasonable factors the authority determines to have a bearing on setting the guarantee fee.  

Authorities

44.88.085;44.88.670;44.88.680

Notes

Authority

AS 44.88.085 AS 44.88.670 AS 44.88.680 Editor's note: Even though 3 AAC 101.130 was adopted and effective 4/25/2013, it was not published until Register 207, October 2013.

History

Eff. 4/25/2013, Register 207

References

3.101.130