Section 44.33.660. Powers and duties of the department.  


Latest version.
  • The department may
            (1) make loans to eligible applicants under AS 44.33.665 for the purchase and installation of capstone avionics equipment;
            (2) receive, take, hold, and administer any appropriation, gift, grant, bequest, devise, or donation of money for the fund;
            (3) establish amortization plans for repayment of loans, including extensions of the terms of loans;
            (4) allow an assumption of a loan if the applicant meets the requirements established under this section;
            (5) establish the rate of interest for loans consistent with law;
            (6) charge and collect fees for services provided under AS 44.33.650 - 44.33.690;
            (7) adopt regulations under AS 44.62 necessary to carry out the provisions of AS 44.33.650 - 44.33.690, including regulations to establish reasonable fees for services provided; and
            (8) designate agents and delegate powers as necessary to the agents.