Effect of guarantee.

  1. Law
  2. Alaska Statutes
  3. State Government
  4. Alaska Industrial Development and Export Authority
  5. New Markets Tax Credit Assistance Guarantee and Loan Program.
  6. Effect of guarantee.

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(a) A guarantee under AS 44.88.700 - 44.88.799 does not create a debt or liability of the state.

(b) A guarantee under AS 44.88.700(a)(1) may not be terminated, cancelled, or revoked except under its terms. A guarantee held by a participating financial institution is presumed to be valid.


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