Section 44.88.420. Powers and duties of the authority.

   (a) The authority may
        (1) accept United States Economic Development Administration revolving fund grants;
        (2) make loans to eligible applicants under the United States Economic Development Administration Long-Term Economic Deterioration (LTED) and Sudden and Severe Economic Dislocation (SSED) programs;
        (3) designate agents and delegate powers to them as necessary;
        (4) adopt regulations necessary to carry out its functions and to administer programs under United States Economic Development Administration guidelines, including regulations to establish reasonable fees for services provided;
        (5) establish amortization plans for the repayment of loans that may include extensions; and
        (6) charge and collect the fees established under this subsection.
   (b)   [Repealed, Sec. 28 ch 90 SLA 1991]. 

Authorities

44.88.410

Notes

Implemented As

3 AAC 99.0
3 AAC 99.800
3 AAC 99.810
3 AAC 99.905

References

AS 44.88.410 Special account established.

History

(Sec. 42 ch 42 SLA 1987; am Sec. 28 ch 90 SLA 1991)