Section 45.81.100. Creation of a tourism revolving fund.

   (a) There is created in the Department of Commerce, Community, and Economic Development a tourism revolving fund.  All principal and interest payments, and money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under AS 45.81.100 - 45.81.190, shall be paid into the tourism revolving fund.
   (b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 45.81.100 - 45.81.190.

Authorities

45.81.100;45.81.130;45.81.140;45.81.190;45.90.000

Notes

References

AS 45.81.100 Creation of a tourism revolving fund.
AS 45.81.130 Limitations on loans.
AS 45.81.140 Sale or transfer of mortgages and notes.
AS 45.81.190 Disposal of property acquired by default or foreclosure.
AS 45.90.000 ">

Chapter 45.90 TOURISM REVOLVING FUND

History

(Sec. 1 ch 171 SLA 1972; am Sec. 82, 83 ch 36 SLA 1990)