Section 16.10.910. Eligibility.

   (a) For an applicant to be eligible for a loan under AS 16.10.900 - 16.10.945, the applicant shall
        (1) be a resident of the state, as determined under (c) of this section;
        (2) have a permitted mariculture farm location in this state; and
        (3) have experience or training in the mariculture industry.
   (b) In addition to the requirements set out in (a) of this section, the applicant
        (1) may not be eligible for financing from other recognized commercial lending institutions; or
        (2) shall be able to obtain only a portion of the total loan request from a recognized commercial lending institution.
   (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.

Authorities

16.10.915;16.10.920;16.10.930

Notes

Implemented As

3 AAC 80.425
3 AAC 80.460
3 AAC 80.475

References

3 AAC 80.425
3 AAC 80.460
AS 16.10.915 Limitations on loans.
AS 16.10.920 Repayment of principal of and interest on loans.
AS 16.10.930 Special account established.

History

(Sec. 12 ch 58 SLA 2012)