Section 16.10.801. Commercial charter fisheries revolving loan fund.

   (a) The commercial charter fisheries revolving loan fund is created in the Department of Commerce, Community, and Economic Development to carry out the purposes of AS 16.10.801 - 16.10.840.
   (b) The commercial charter fisheries revolving loan fund consists of the following:
        (1) money appropriated to, transferred to, or received by gift, grant, devise, bequest, or donation to the fund;
        (2) principal and interest payments or other income earned on loans or investments of the fund;
        (3) money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under AS 16.10.801 - 16.10.840.
   (c) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 16.10.801 - 16.10.840.

Authorities

16.10.801;16.10.805;16.10.810;16.10.815;16.10.830;16.10.840

Notes

References

3 AAC 80.310
3 AAC 80.350
3 AAC 80.360
3 AAC 80.370
AS 16.10.801 Commercial charter fisheries revolving loan fund.
AS 16.10.805 Powers and duties of the department.
AS 16.10.810 Eligibility.
AS 16.10.815 Limitations on loans.
AS 16.10.830 Disposal of property acquired after default.
AS 16.10.840 Definitions.

History

(Sec. 12 ch 58 SLA 2012)