Section 3.103.160. Closing and disbursement of funds.

Latest version.

Upon written certification by both the authority and the applicant that all provisions of the commitment letter have been satisfied, the financing will be scheduled for closing and, if a loan transaction, for disbursement of proceeds. If the financing is a guarantee, then the authority, at the time of closing, will deliver its guarantee to the applicant, or where appropriate, to the applicant's third-party lender or bond trustee or to the closing agent handling the financing transaction between the applicant and its third-party lender.

Authorities

44.88.085;44.88.800;44.88.820;44.88.840

Notes

Authority
 AS 44.88.085  
AS 44.88.800  
AS 44.88.820  
AS 44.88.840  
Editor's note: Even though the adoption of 3 AAC 103.160 was effective 12/3/2015, it was not published until Register 218, July 2016.  
History Eff. 12/3/2015, Register 218

References

3.103.160

                    
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