Section 37.17.520. Use of money in Alaska BIDCO fund.

   (a) From the money in the Alaska BIDCO fund, the department may make loans or other financial assistance, as authorized under AS 37.17.520 - 37.17.690, to assist in the formation, capitalization, and operation of corporations that are licensed under AS 10.13.
   (b) The department may not authorize new financial assistance under AS 37.17.500 - 37.17.690 without the approval of the legislature.

Authorities

37.17.520;37.17.530;37.17.550;37.17.660

Notes

References

AS 37.17.520 Use of money in Alaska BIDCO fund.
AS 37.17.530 BIDCO capitalization loans.
AS 37.17.550 Initial capitalization of BIDCO.
AS 37.17.660 Subsequent loans.

History

(Sec. 5 ch 2 SLA 2004)