 |
Alaska Administrative Code (Last Updated: January 12, 2017) |
 |
Title 3. Commerce, Community, and Economic Development. |
|
Part 3.1. Banking, Securities, Small Loans and Corporations. |
|
Chapter 3.99. Commercial and Industrial Financing. |
|
Article 3.99.5. Development Finance Program. |
Section 3.99.910. Supervision of proceeds of bond issues.
Latest version.
-
If there are bonds remaining to be redeemed under a bond issue, an applicant whose financing of a project is approved or who is the recipient of a real property or tangible personal property loan shall, if requested by the authority (1) permit and pay the cost of an audit or examination of its books and records by an independent firm of certified public accounts to determine if the provisions of the bond issue have been complied with; and (2) submit a sworn statement that describes the purposes for which money derived from bond proceeds have been spent by the applicant.
Authorities
44.88.080;44.88.085