{"data":{"id":"us-ak/as-37.05.800","jurisdiction":"us-ak","citation":"AS 37.05.800","heading":"Restriction on use of state money for residential contracting.","body":"(a) The state may not grant or loan money or purchase a loan for the construction or alteration of a privately-owned residential structure of one to four units unless the grant or loan requires the construction or alteration to be undertaken by a residential contractor with an endorsement issued under AS 08.18. In this subsection, “alteration” means changes that have a value greater than 25 percent of the value of the structure being altered.\n(b) The restriction of (a) of this section does not apply to a state loan or grant or purchase of a loan made for work described in AS 08.18.161 that is exempt from the requirements of AS 08.18.","path":["Title 37. Public Finance.","Chapter 05. Fiscal Procedures Act.","Article 7. Miscellaneous Provisions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#37.05.800","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:56Z","sha256":"c0dad5c7f5842db1ba68b96e46ff30f7ffc091b4bdb8a61631f65a201284087e","source_id":"us-ak","stale":false,"prev":"us-ak/as-37.05.610","next":"us-ak/as-37.05.900"},"notice":"GroundRules: Original legal text. Not legal advice."}