6-10-20 Is Alaska’s Government Acting In Good Faith?
From the Allliance: "Open for Business? AKDOT takes $49m in CARES relief funds –threatens struggling AK companies with 10.5% interest penalty." The Situation: The Department of Transportation & Public Facilities took money intended to be used for “relief” and responded by threatening a 10.5% interest penalty on late payments from struggling Alaska businesses –on top of already onerous lease increases. 18 months prior to the current public health emergency, Alaska companies asked the administration and DOT&PF to review the steep, and in our review some cases unlawful, rental increases implemented by the Walker administration [...]