Section 45.81.120. Powers and duties of the Department of Commerce, Community, and Economic Development.

   (a) The department may
        (1) make loans to a business directly involved in the tourist industry;
        (2) designate agents and delegate powers to them as is necessary;
        (3) adopt regulations necessary to carry out its functions, including regulations to establish reasonable fees for services provided and charges for collecting the fees;
        (4) establish amortization plans for the repayment of loans not to exceed 20 years;
        (5) collect the fees and collection charges established under this subsection.
   (b)   [Repealed, Sec. 84 ch 58 SLA 1999]. 

Authorities

45.81.110

Notes

Implemented As

3 AAC 77.010
3 AAC 77.020
3 AAC 77.030
3 AAC 77.040
3 AAC 77.050
3 AAC 77.060
3 AAC 77.070
3 AAC 77.080
3 AAC 77.090
3 AAC 77.100
3 AAC 77.900

References

AS 45.81.110 Special account established.

History

(Sec. 1 ch 171 SLA 1972; am Sec. 84 ch 36 SLA 1990; am Sec. 84 ch 58 SLA 1999)