Section 16.10.810. Eligibility.

   (a) For an applicant to be eligible for a loan under AS 16.10.801 - 16.10.840, the applicant shall be a resident of the state, as determined under (c) of this section, and shall
        (1) qualify for the purchase of a charter halibut permit under applicable law; or
        (2) qualify as a transferee for a charter halibut permit under applicable law.
   (b) In addition to the requirements set out in (a) of this section, the applicant must provide to the department a document from a state financial institution stating that
        (1) the applicant has been denied a loan for the same purpose; or
        (2) a loan from the financial institution is contingent on the applicant also receiving a loan from the fund.
   (c) To meet the residency requirements of (a) of this section, the applicant
        (1) shall physically reside in this state and maintain a domicile in this state during the 24 consecutive months preceding the date of application for the program; and
        (2) may not have
             (A) declared or established residency in another state; or
             (B) received residency or a benefit based on residency from another state.

Notes

Implemented As

3 AAC 80.320
3 AAC 80.325
3 AAC 80.360
3 AAC 80.375

References

3 AAC 80.325

History

(Sec. 12 ch 58 SLA 2012)