Section 16.10.555. Disposal of property acquired by default or foreclosure.

Latest version.

The Department of Commerce, Community, and Economic Development shall dispose of property acquired through default or foreclosure of a loan made under AS 16.10.500  - 16.10.560. Disposal shall be made in a manner that serves the best interests of the state, and may include the amortization of payments over a period of years.

Notes

Implemented As

3 AAC 77.030
3 AAC 77.090

History

(Sec. 13 ch 79 SLA 1985; am Sec. 1 ch 152 SLA 1988)

                    
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