Alaska Statutes (Last Updated: January 11, 2017) |
Title 45. TRADE AND COMMERCE. |
Chapter 45.88. ENERGY LOAN AND GRANT PROGRAMS. |
Article 45.88.02. RESIDENTIAL ENERGY CONSERVATION FUND. |
Section 45.88.110. Special account established.
Latest version.
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(a) There is established as a special account within the residential energy conservation fund the foreclosure expense account. This account is established as a reserve from fund equity.
(b) The commissioner may expend money credited to the foreclosure expense account when necessary to protect the state's security interest in collateral on loans made under AS 45.88.120 or to defray expenses incurred during foreclosure proceedings after a default by an obligor.
Notes
History
(Sec. 25 ch 79 SLA 1985)