(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 Alaska Stat. Chapter 08.18. In this subsection, “alteration” means changes that have a value greater than 25 percent of the value of the structure being altered.

Terms Used In Alaska Statutes 37.05.800

  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(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 Alaska Stat. § 08.18.161 that is exempt from the requirements of Alaska Stat. Chapter 08.18.
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