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15 AAC 145.090. Definitions

(a) In this chapter

(1) "at risk" means the lender is without a third-party obligation or guarantee of repayment in the event of default, unless the department is also given the same third-party obligation or guarantee of repayment;

(2) "department" means the Department of Revenue;

(3) "independent" means not

(A) a business affiliate as defined in 28 U.S.C. 1504(a) (Internal Revenue Code);

(B) on retainer or in the employ of the seller; or

(C) a supplier or a customer of the seller.

(b) In this chapter and in AS 45.94, "forest products business" means a forest products business as defined in AS 45.94.060 (3) formed for the purpose of harvesting or processing timber or other woody plant material, whose property, plant, and equipment are located within the state.

History: Eff. 2/17/85, Register 93

Authority: AS 45.94.030

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Chapter 147
Child Support Enforcement

Relocated 10/91

Editor's note: As of Register 119 (Oct. 1991), 15 AAC 147 was relocated to 15 AAC 125.

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Chapter 150
Alaska Housing Finance Corporation

Article

1. General Provisions. (15 AAC 150.010 - 15 AAC 150.130)

2. Appeals. (15 AAC 150.200 - 15 AAC 150.240)

3. Procurement. (15 AAC 150.300 - 15 AAC 150.490)

4. Disposition of Assets. (15 AAC 150.500 - 15 AAC 150.540)

5. HUD Assisted Disposition of Real Property Acquired Under Renewal and Neighborhood Development Programs. (15 AAC 150.600 - 15 AAC 150.780)

6. Definitions. (15 AAC 150.900 - 15 AAC 150.910)

Editor's note: The Alaska Housing Finance Corporation regulations, exempt from the Administrative Procedures Act Filing requirements by AS 18.56.088 (a), have been voluntarily filed under AS 44.62.120 . Except for 15 AAC 150.300 - 15 AAC 150.490, they have not been reviewed and approved by the Department of Law under AS 44.62.060 , and may not fully conform to the Drafting Manual for Administrative Regulations (AS 44.62.050 ).

As of Register 130, July, 1994, the Alaska Housing Finance Corporation regulations, which were formerly located in 15 AAC 118.210 - 15 AAC 118.900, have been transferred to 15 AAC 150 through 15 AAC 155.

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Article 1
General Provisions

Section

10. General provisions.

15. Availability of funds.

20. Public notice of meeting.

30. Minimum construction standards.

35. Adoption of residential building code and amendments.

40. Compliance with building energy efficiency standard.

45. Release of corporation.

50. Past due child support.

60. Determination of interest rates.

70. Contractor prerequisites for loans.

80. Seller requirements; sellers' guide.

90. Servicer requirements; servicers' guide.

100. Minimum health and safety standards.

110. (Repealed).

120. Waiver of regulations.

130. Contract formation and modifications.

15 AAC 150.010. General provisions

Except as otherwise provided, the provisions of 15 AAC 150 apply to all programs of the Corporation, including the programs established in 15 AAC 151 - 15 AAC 155. The provisions of 15 AAC 150.030 - 15 AAC 150.110 constitute a part of the regulations of the Corporation for each program of the Corporation described in 15 AAC 151 - 15 AAC 155 that involves the making, participating in the making, purchasing, or participating in the purchase of a loan by the Corporation and do not independently authorize or obligate the Corporation to make, participate in the making, purchase, or participate in the purchase of a loan.

History: Eff. 5/7/93, Register 130

Authority: AS 18.56.088

Editor's note: Before Register 130, July, 1994, the substance of 15 AAC 150.010 was contained in former 15 AAC 118.235. The history note for 15 AAC 150.010 does not reflect the history of the section under its former number.

15 AAC 150.015. Availability of funds

Whenever in 15 AAC 150 - 15 AAC 155 a regulation of the Corporation refers to making, participating in the making, purchasing, or participating in the purchasing of loans or to the making or awarding of grants, the regulation is subject to the availability of funds to the Corporation for that purpose.

History: Eff. 5/7/93, Register 130

Authority: AS 18.56.088

15 AAC 150.020. Public notice of meeting

(a) Except in the case of a meeting of the board at which the issuance of Corporation bonds is authorized, not more than fifteen days and not less than seven days before each meeting, the Corporation will give public notice of the time, place, and subject of the meeting. In the case of a meeting of the board at which the issuance of Corporation bonds is authorized, the Corporation will give public notice of the time, place, and subject of the meeting at least 24 hours before the meeting. The Corporation will give the notice by advertisement in a newspaper of statewide circulation.

(b) The Corporation will, in its discretion, establish additional procedures to insure that the public has a reasonable opportunity to be heard and that business at meetings will be conducted in an orderly process.

History: Eff. 5/7/93, Register 130

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