Alaska Statutes Title 44. State Government § 44.88.830. Qualified infrastructure development; powers and duties of the authority

(1) use the Arctic infrastructure development fund (AS 44.88.810) to finance Arctic infrastructure development, insure project obligations, guarantee loans or bonds, and establish reserves;

(2) acquire real or personal property by purchase, transfer, or foreclosure when the acquisition is necessary to protect the authority's interest in financing;

(3) defer principal payments or capitalize interest on Arctic infrastructure development;

(4) subject to AS 36.30.085(e), enter into lease agreements, sales-lease-back agreements, build-operate-transfer and operate-transfer agreements, or any similar project financing agreement for a qualified Arctic infrastructure development;

(5) enter into agreements with government entities for the transfer and control of infrastructure, facilities, rights-of-way, and studies;

(6) contract for services with a professional advisor, including an attorney, bond counsel, engineer, or other technical expert necessary to fulfill the purposes of the program; and

(7) subject to AS 44.88.090, borrow money and issue bonds.

(1) a process for acquiring financing under this section;

(2) qualifications for Arctic infrastructure development projects applying for financing under this section; and

(3) fiscal controls and accounting procedures for the fund.