Section 45.88.010. Fund established.

   (a) There is established in the Department of Commerce, Community, and Economic Development the alternative energy conservation revolving loan fund to carry out the purposes of AS 45.88.010 - 45.88.090. Loans made under AS 45.88.010 - 45.88.090 are to be used
        (1) to develop means of energy production utilizing one or more alternative energy systems; and
        (2) to purchase, construct, and install energy conservation improvements in commercial buildings.
   (b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 45.88.010 - 45.88.090.
   (c)  [Repealed, Sec. 38 ch 83 SLA 2010].
   (d) Notwithstanding any other provision in AS 45.88.010 - 45.88.090, a multifuel heating system that uses the combination of wood or fossil fuel for fuel does qualify under this loan fund.
   (e) The alternative energy conservation revolving loan fund consists of
        (1) money appropriated to the fund by the legislature;
        (2) gifts, bequests, or contributions from other sources;
        (3) principal and interest payments or other income earned on loans or investments in the fund; and
        (4) money chargeable to principal or interest that is collected through liquidation by foreclosure or other processes on loans made under AS 45.88.010 - 45.88.090.

Authorities

45.88.010;45.88.015;45.88.020;45.88.025;45.88.030;45.88.050;45.88.090;45.88.190;45.88.500

Notes

References

3 AAC 78.010
3 AAC 78.026
3 AAC 78.056
3 AAC 78.066
3 AAC 78.075
3 AAC 78.080
AS 45.88.010 Fund established.
AS 45.88.015 Special account established.
AS 45.88.020 Powers and duties of the department in administering the fund.
AS 45.88.025 Eligibility.
AS 45.88.030 Loan terms.
AS 45.88.050 Disposal of property acquired by default or foreclosure.
AS 45.88.090 Definition.
AS 45.88.190 Definitions.
AS 45.88.500 [Subsection (a) renumbered as AS 45.88.090; subsection (b)

History

(Sec. 1 ch 29 SLA 1978; am Sec. 5, 8 ch 56 SLA 1979; am Sec. 28 ch 83 SLA 1980; am Sec. 74 ch 36 SLA 1990; am Sec. 20, 21, 38 ch 83 SLA 2010)

].