Section 44.33.240. Child care facility revolving loan fund.

   (a) There is in the Department of Commerce, Community, and Economic Development the child care facility revolving loan fund to carry out the purposes of AS 44.33.240 - 44.33.275.  Except as provided in (b) and (c) of this section, the  fund may not be used for any other purpose.
   (b) The department may use money in the fund for costs of administering AS 44.33.240 - 44.33.275.
   (c) On June 30 of each fiscal year the unexpended and unobligated cash balance of the fund that is attributable to loans owned by the fund lapses into the general fund.

Authorities

44.33.240;44.33.245;44.33.255;44.33.260;44.33.270;44.33.272;44.33.275

Notes

References

3 AAC 82.080
3 AAC 82.082
3 AAC 82.900
AS 44.33.240 Child care facility revolving loan fund.
AS 44.33.245 Powers and duties of the department in administering the fund.
AS 44.33.255 Loan terms.
AS 44.33.260 Eligibility for loans.
AS 44.33.270 Sale or transfer of mortgages and notes.
AS 44.33.272 Disposal of property acquired by default or foreclosure.
AS 44.33.275 Definitions.

History

(Sec. 9 ch 253 SLA 1976; am Sec. 55, 56 ch 36 SLA 1990)