Alaska Administrative Code

(a) If the department denies, inactivates, or significantly modifies a loan request, an applicant may file a written request for reconsideration not later than 30 days after receiving notice of the department's decision. (b) The department will reconsider the applicant's request …

(a) The following information is not confidential and is available for public inspection upon request:(1) a document that is already a public record, including a(A) deed of trust; (B) financing statement; (C) limited entry permit; (D) quota share; (E) warranty deed; (F) bill for …

Unless the context requires otherwise in 3 AAC 80.010 - 3 AAC 80.480: (1) "affidavit" means a sworn statement in writing and signed before a notary public; (2) "commercial fishery" or "commercial fisheries" means those fisheries in Alaska requiring that a participant hold a comme…

(a) To apply for a loan for planning, construction, or operation of a hatchery, preconstruction activities necessary to obtain a permit, or for planning and implementation of nonhatchery fisheries enhancement activities and rehabilitation, including lake fertilization and habitat…

(a) To apply for a grant under AS 16.10.510(9) an applicant shall file with the department (1) a letter stating the proposed use of the grant, including a list of goals and objectives to be accomplished through the use of the grant; (2) a proposed budget; (3) a copy of a letter f…

(a) The materials described in 3 AAC 81.010 will be processed and evaluated by a loan officer. The loan officer will evaluate the applicant's eligibility, financial and credit history, operating plan, ability to repay, and proposed collateral. (b) On the basis of the evaluation, …

(a) A loan committee consists of one or more persons appointed by the director to act on loan and grant requests. (b) A loan committee may approve, deny, or modify and approve a loan or grant request, or may table a loan or grant request subject to obtaining additional informatio…

The department will, in its discretion, consider the previous fisheries and nonfisheries business experience of the corporate officers and principal employees in evaluating assessing an applicant's corporate management. Notes 3 AAC 81.025 Eff. 9/11/85, Register 95 Authority:AS 16…

To be eligible for a loan or grant under AS 16.10.510, an applicant shall provide proof of (1) issuance of a Department of Fish and Game permit under AS 16.10.400 if applying for a loan for the construction and operation of hatchery facilities; (2) certification of the applicant …

(a) The department will, in its discretion, consider the following factors in evaluating an applicant's financial and credit record: (1) existing and prior debts; (2) credit reports obtained from creditors and private credit reporting services; (3) prior loan history with the dep…

(a) The department will, in its discretion, consider the following factors in evaluating an applicant's ability to repay a proposed loan: (1) income history, including present income; (2) prospects for future income; (3) assets and their liquidity; (4) liabilities; (5) reasonable…

A loan must be secured by collateral acceptable to the department, such as an assignment of future revenue and the proceeds of sale of surplus fish and eggs, and may include a mortgage or other security instrument in real property, buildings, machinery and equipment, and fixtures…

(a) Loans may be made for planning and construction of fish hatchery facilities, including preconstruction activities necessary to obtain a permit. (b) Repealed 7/4/91. (c) Loan money may not be used to reimburse an applicant for expenses paid more than six months before receipt …

(a) At the time a loan is made the department will, in its discretion, consider the following factors in setting the initial loan period: (1) The time needed to build brood stock to a production level; (2) the financial need of the permit holder; and (3) other factors the departm…

Loan money will be disbursed when (1) a security interest in the collateral on behalf of the state has been perfected; (2) the borrower has complied with the insurance requirements contained in an instrument signed by the borrower; (3) requirements of the loan committee have been…

(a) As a condition of a loan and while there is an outstanding loan balance or if the loan is in default, the department will, in its discretion, require the borrower to furnish annual financial statements consisting of a balance sheet, profit and loss statement, sources and appl…

(a) All expenses incurred by the department in processing an application must be paid by the applicant. These expenses include the cost of title reports and insurance, recording fees, appraisals, surveys, travel, and other direct costs. (b) An origination fee of not more than one…

(a) A request to assume the obligations and benefits of a loan made under AS 16.10.500 - 16.10.620 and this chapter will be processed in the same manner as a loan request. (b) A loan committee may permit an assumption if the applicant is a good financial risk and the security of …

An assumption agreement will be considered by the department to be closed when (1) all required signatures have been obtained and the assumption agreement has been properly recorded; (2) the borrower has complied with the insurance requirements contained in an instrument signed b…

(a) A request for a modification to a loan made under AS 16.10.500 - 16.10.620 and this chapter will be processed in the same manner as a loan application. The department will, in its discretion, require one or more of the items specified in 3 AAC 81.010. (b) A loan committee may…

(a) If a loan or grant request is denied, inactivated, or significantly modified by the department, an applicant may file a written request for reconsideration within 30 days after receipt of notice of the department's decision. (b) The department will, in its discretion, reconsi…

(a) The following information is not confidential and is available for public inspection upon request:(1) a document that is already a public record, including deeds of trust, financing statements, warranty deeds, bills of sale, mortgages, liens, and vehicle titles; (2) general i…

Unless the context requires otherwise, in this chapter (1) repealed 8/10/97; (2) "default" includes a violation of any provision of AS 16.10.500 - 16.10.620 and this chapter, or the loan documents, failure to make the necessary payment within 15 days after it is due, or failure t…

(a) To apply for an assumption of an existing child care facility loan, an applicant shall file with the department (1) a completed application for an assumption of a child care facility loan, on a form provided by the department; (2) an individual financial statement, on a form …

(a) The materials described in 3 AAC 82.010 will be processed and evaluated by a loan officer. The loan officer will evaluate the applicant's eligibility, financial and credit history, operating plan, ability to repay, and proposed collateral. (b) On the basis of the evaluation, …

(a) A loan committee consists of one or more persons appointed by the director to act on a loan request. (b) A loan committee may approve, deny, or modify and approve a loan request, or may table a loan request subject to obtaining additional information. (c) A loan committee may…

(a) The department will, in its discretion, consider the following factors in evaluating an applicant's financial and credit record: (1) existing and prior debts; (2) credit reports obtained from creditors and private credit reporting services; (3) prior loan history with the dep…

The department will, in its discretion, consider the following factors in evaluating an applicant's ability to repay a proposed loan: (1) income history, including present income; (2) prospects for future income; (3) assets and their liquidity; (4) liabilities; (5) reasonableness…

Notes 3 AAC 82.050 Eff. 9/11/85, Register 95; repealed 8/10/97, Register 143 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

An assumption will not be approved to finance a facility that does not comply with state or local licensing requirements. Notes 3 AAC 82.055 Eff. 9/11/85, Register 95; am 8/10/97, Register 143 Authority:AS 44.33.245 AS 44.33.260 State regulations are updated quarterly; we current…

Notes 3 AAC 82.065 Eff. 9/11/85, Register 95; repealed 8/10/97, Register 143 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

If a loan is in default, the department will, in its discretion, require a borrower to furnish annual financial statements consisting of a balance sheet, profit and loss statement, sources and application of all money received, and a schedule of change of owner's equity. The depa…

(a) All expenses incurred by the department in processing an application must be paid by the applicant. These expenses include the cost of title reports and insurance, recording fees, appraisals, surveys, travel, and other direct costs. (b) An assumption fee of one percent of the…

(a) A request to assume the obligations and benefits of a loan made under AS 44.33.240-44.33.275 and this chapter will be processed in the same manner as a loan request. (b) A loan committee may permit an assumption if the applicant is a good financial risk and the security of th…

An assumption agreement will be considered by the department to be closed when (1) all required signatures have been obtained and the assumption agreement has been properly recorded; (2) all requirements of the loan committee have been met; and (3) the borrower is in compliance w…

(a) A request for a modification to a loan made under AS 44.33.240-44.33.275 and this chapter will be processed in the same manner as a loan application. The department will, in its discretion, require one or more of the items specified in 3 AAC 82.010. (b) A loan committee may p…

(a) If an assumption of a loan request is denied, inactivated, or significantly modified by the department, an applicant may file a written request for reconsideration within 30 days after receipt of notice of the department's decision. (b) The department will, in its discretion,…

(a) The following information is not confidential and is available for public inspection upon request:(1) a document that is already a public record, including deeds of trust, financing statements, warranty deeds, bills of sale, mortgages, liens, and vehicle titles; (2) general i…

Unless the context requires otherwise, in this chapter (1) repealed 8/10/97; (2) "default" includes a violation of any provision of this chapter, AS 44.33.240-44.33.275 or the loan document, failure to make the necessary payment within 15 days after it is due, or failure to maint…

(a) To apply for an assumption of a historical district loan, an applicant shall file with the department (1) a completed application for an assumption of a historical district loan, on a form provided by the department; (2) an individual financial statement from each individual …

(a) The materials described in 3 AAC 83.010 will be processed and evaluated by a loan officer. The loan officer will evaluate the applicant's financial and credit history, ability to repay, and proposed collateral. (b) On the basis of the evaluation, the loan officer will either …

(a) A loan committee consists of one or more persons appointed by the director to act on a loan request. (b) A loan committee may approve, deny, or modify and approve a loan request, or may table a loan request subject to obtaining additional information. (c) A loan committee may…

Notes 3 AAC 83.035 Eff. 9/11/85, Register 95; repealed 8/10/97, Register 143 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

(a) The department will, in its discretion, consider the following factors in evaluating an applicant's financial and credit record: (1) existing and prior debts; (2) credit reports obtained from creditors and private credit reporting services; (3) prior loan history with the dep…

The department will, in its discretion, consider the following factors in evaluating an applicant's ability to repay: (1) income history, including present income; (2) prospects for future income; (3) assets and their liquidity; (4) liabilities; (5) reasonableness of projected pr…

Notes 3 AAC 83.050 Eff. 9/11/85, Register 95; repealed 8/10/97, Register 143 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

Notes 3 AAC 83.055 Eff. 9/11/85, Register 95; repealed 8/10/97, Register 143 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

Notes 3 AAC 83.065 Eff. 9/11/85, Register 95; repealed 8/10/97, Register 143 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be …

If a loan is in default, the department will, in its discretion, require the borrower to furnish annual financial statements consisting of a balance sheet, profit and loss statement, sources and application of all money received, and a schedule of change of owner's equity. The de…

(a) All expenses incurred by the department in processing an application must be paid by the applicant. These expenses include the cost of title reports and insurance, recording fees, appraisals, surveys, travel, and other direct costs. (b) An assumption fee of one percent of the…