Section 45.88.100. Fund established.

   (a) There is established in the Department of Commerce, Community, and Economic Development the residential energy conservation fund to carry out the purposes of AS 45.88.100 - 45.88.190.  Loans and grants made under AS 45.88.100 - 45.88.190 may be used to purchase, construct, and install an energy conservation improvement in residential buildings.
   (b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 45.88.100 - 45.88.190.
   (c) On June 30 of each fiscal year the unexpended and unobligated cash balance of the fund that is attributable to loans owned by the fund lapses into the general fund.

Authorities

45.88.100;45.88.120;45.88.130;45.88.140;45.88.150;45.89.010

Notes

References

AS 45.88.100 Fund established.
AS 45.88.120 Loans.
AS 45.88.130 Sale or transfer of mortgages and notes.
AS 45.88.140 Disposal of property acquired by default or foreclosure.
AS 45.88.150 Regulations.
AS 45.89.010

History

(Sec. 35 ch 83 SLA 1980; am Sec. 6 ch 79 SLA 1983; am Sec. 77, 78 ch 36 SLA 1990)