Section 44.88.560. Powers of the authority.

The authority may
        (1) adopt regulations to implement AS 44.88.500 - 44.88.599;
        (2) establish terms and conditions for loan guarantees and refinancing agreements subject to the requirements of AS 44.88.500 - 44.88.599;
        (3) make and execute contracts and other instruments to implement AS 44.88.500 - 44.88.599;
        (4) charge reasonable fees that the authority may establish by regulation for the service it provides under AS 44.88.500 - 44.88.599;
        (5) acquire real or personal property by purchase, transfer, or foreclosure when the acquisition is necessary to protect the authority's interest in a loan or a loan guarantee;
        (6) exercise any other power necessary to implement AS 44.88.500 - 44.88.599; and
        (7) to the extent the authority considers it to be in its best interest to do so, use money to pay expenses relating to the liquidation of collateral securing loans guaranteed by the authority.

Notes

Implemented As

3 AAC 99.700
3 AAC 99.710
3 AAC 99.750
3 AAC 99.780

History

(Sec. 2 ch 162 SLA 1988; am Sec. 20 ch 123 SLA 1990; am Sec. 14 ch 111 SLA 1996; am Sec. 18 ch 109 SLA 1998)