Section 3.101.900. Definitions.

In this chapter  
		(1) "appraised value" means any valuation methodology acceptable to the authority, including comparable sale valuation, replacement cost valuation and produced by any third party evaluators deemed appropriate by the authority;  
		(2) "authority" means the Alaska Industrial Development and Export Authority;  
		(3) "board" means the board of the Alaska Industrial Development and Export Authority;  
		(4) "capital costs" means the one-time costs associated with the acquisition or construction of a qualified energy development, including the price of purchased assets such as land, equipment, or other materials incorporated into the facility, the cost of site preparation, permits, construction of the facility and designing and planning the construction, and the cost of financing, including legal, financial, underwriting, insurance, and other transactional expenses as may necessarily be incurred; capital costs may also include interest payments financed during the construction and start-up period of the qualified energy development;  
		(5) "executive director" means the executive director of the Alaska Industrial Development and Export Authority;  
		(6) "financing" means either a loan or a guarantee of a loan or bond or a financing arrangement as described in AS 44.88.680(a)(4);  
		(7) "guarantee" means an agreement pledging assets of the SETS fund to pay the regularly scheduled principal and interest due on a loan or bond made for a qualified energy development, subject to conditions set out in the guarantee;  
		(8) "loan" means an extension of credit by the authority or a third-party lender to an applicant or for a qualified energy development;  
		(9) "mortgage" means a mortgage, deed of trust, or other security instrument encumbering real property or an interest in real property;  
		(10) "qualified energy development" has the meaning given in AS 44.88.900;  
		(11) "SETS program and fund" means the sustainable energy transmission and supply development program and fund established by AS 44.88.650 and 44.88.660;  
		(12) "working day" does not include a Saturday, Sunday, or a state holiday.  

Authorities

44.88.085;44.88.650;44.88.660;44.88.680;44.88.690;44.88.900

Notes

Authority

AS 44.88.085 AS 44.88.650 AS 44.88.660 AS 44.88.680 AS 44.88.690 AS 44.88.900 Editor's note: Even though 3 AAC 101.900 was adopted and effective 4/25/2013, it was not published until Register 207, October 2013. ________________________

History

Eff. 4/25/2013, Register 207

References

3.101.900