Section 3.106.269. Definition.

In 3 AAC 106.200 - 3 AAC 106.269, "financially feasible" means that the authority has determined that enough money is available from all sources to complete the project, and that enough money is estimated to be available in the future to repay any debt incurred in connection with the project, taking into consideration the relationship between the estimated user fees or charges upon completion of the project and the estimated user fees or charges if consumers of services provided by the project would have continued to receive services from existing sources, the relationship between the estimated user fees or charges upon completion of the project and the present or estimated user fees or charges for similar services in the state, and whether the loan is secured by a means other than by a pledge or revenues of the project.  

Authorities

42.45.020;44.83.080

Notes

Reference

3 AAC 106.269

Authority

AS 42.45.020 AS 44.83.080 ________________________

History

Eff. 4/8/2015, Register 214