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13 chapters · 123 sections in this title.
AS 27.09.010 Mining loan fund.
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(a) There is established in the Department of Commerce, Community, and Economic Development the mining loan fund. The department may make loans from the fund to underwrite advanced mineral exploration, development, or mining in the state. (b) The mining loan fund is a revolving f…
AS 27.09.015 Special account established.
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(a) There is established as a special account within the mining loan fund the foreclosure expense account. This account is established as a reserve from fund equity. (b) The commissioner of commerce, community, and economic development may expend money credited to the foreclosure…
AS 27.09.020 Eligibility.
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(a) The department may make loans under this chapter to (1) an individual who has at least five years of mining or prospecting experience in the state and who is a resident of the state; (2) a partnership if at least half of the partners each have five years mining or prospecting…
AS 27.09.030 Operating plan.
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(a) A person who requests a loan under AS 27.09.010 shall prepare an operating plan that describes the amount of the loan requested, the nature and location of the advanced mineral exploration, development, or mining for which the loan is requested, the equipment and other resour…