{"data":{"id":"us-ak/as-44.88.525","jurisdiction":"us-ak","citation":"AS 44.88.525","heading":"Conditions of debt refinancing guarantee.","body":"The authority may not guarantee refinanced debt\n(1) unless the refinancing\n(A) is necessary to extend substantial debt payments over a longer period of time, thereby improving the applicant's net cash flow and working capital position consistent with the useful life of the assets being refinanced;\n(B) assists with short-term debt or cash expenditures when lenders will not extend reasonable longer terms to the applicant; and\n(C) creates additional economic opportunity or improves the viability of the borrower rather than just reducing the liability of the lender; or\n(2) unless the refinancing is necessary to place a permanent loan subsequent to an interim loan for financing of the project.","path":["Title 44. State Government.","Chapter 88. Alaska Industrial Development and Export Authority.","Article 6. Business and Export Assistance Program."],"source_url":"https://www.akleg.gov/basis/statutes.asp#44.88.525","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:34Z","sha256":"59848584c3de7c6919f160c503f6b665518d6f1e211395a8dbb87be2490a4045","source_id":"us-ak","stale":false,"prev":"us-ak/as-44.88.520","next":"us-ak/as-44.88.530"},"notice":"GroundRules: Original legal text. Not legal advice."}