Title 03 — Agriculture, Animals, and Food
23 chapters · 143 sections in this title.
AS 03.10.010 Declaration of policy.
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It is the policy of this chapter to promote the more rapid development of agriculture as an industry throughout the state by means of long-term low-interest loans.
AS 03.10.020 Powers of the board.
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(a) [See delayed amendment note.] The Board of Agriculture and Conservation (AS 03.09.010) may (1) make a loan to (A) an individual resident farmer, homesteader, or a partnership or corporation composed of farmers and homesteaders for (i) clearing land for agricultural purposes; …
AS 03.10.030 Limitations on loans.
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(a) A farm development, chattel, or irrigation loan made under this chapter (1) may not exceed a term of 30 years, except that a chattel loan may not exceed a term of seven years; (2) may not, when added to the outstanding balance of other loans made under this chapter, exceed a …
AS 03.10.033 Restructuring of agricultural debt.
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(a) To increase the return to the state, the Board of Agriculture and Conservation may restructure loans (1) in existence on January 1, 1987, made by the former Agricultural Revolving Loan Fund Board or by the former Alaska Agricultural Action Council based upon guidelines approv…
AS 03.10.035 Use or disposal of mortgaged farm land.
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(a) A borrower may not use farm land for a nonfarm use or sell, lease, or otherwise dispose of farm land if that land is encumbered by a mortgage given to secure the payment of a loan under this chapter unless the borrower either (1) pays the outstanding balance of the loan in a …
AS 03.10.040 Agricultural revolving loan fund.
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(a) There is an agricultural revolving loan fund which may not exceed $75,000,000 to carry out the purpose of this chapter. (b) Money in the fund may be used by the legislature to make appropriations for costs of administering this chapter and for operations of the Board of Agric…
AS 03.10.050 Administration of fund; Board of Agriculture and Conservation.
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(a) The Board of Agriculture and Conservation shall administer the agricultural revolving loan fund. A loan may not be made without the approval of a majority of the board, except that emergency loans based upon regulations adopted by the board and not to exceed $50,000 may be ma…
AS 03.10.052 Limitation on board members. [Repealed, § 30 ch 81 SLA 2000.]
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[Repealed or reserved.]
AS 03.10.054 Sale or transfer of mortgages and notes. [Repealed, § 14 ch 122 SLA 1980.]
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[Repealed or reserved.]
AS 03.10.058 Farm disaster area.
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The governor may declare a farm disaster in an area of the state if a natural disaster causes a crop failure.
AS 03.10.060 Short title.
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This chapter may be cited as the Alaska Agricultural Loan Act.