Title 44 — State Government
54 chapters · 1,061 sections in this title.
AS 44.33.920 Statewide Broadband Advisory Board.
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(a) The Statewide Broadband Advisory Board is established. (b) The purpose of the advisory board is to provide technology-neutral input, recommendations, and advice regarding (1) state broadband policy, goals, and objectives; (2) project proposal processes and criteria for projec…
AS 44.33.930 Definitions.
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Article 17. Alaska Microloan Revolving Loan Fund. In AS 44.33.910 — 44.33.930, (1) “underserved area” means an area that does not have broadband speeds of at least 100 Megabits per second downstream and at least 20 Megabits per second upstream with a latency sufficient to support…
AS 44.33.950 Alaska microloan revolving loan fund.
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(a) The Alaska microloan revolving loan fund is created in the Department of Commerce, Community, and Economic Development to carry out the purposes of AS 44.33.950 — 44.33.990. (b) The Alaska microloan revolving loan fund consists of the following: (1) money appropriated to, tra…
AS 44.33.955 Powers and duties of the department.
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The department may (1) make loans to eligible applicants under AS 44.33.950 — 44.33.990 to be used for working capital, equipment, construction, or other commercial purposes by a business located in the state; (2) receive, take, hold, and administer any appropriation, transfer, g…
AS 44.33.960 Eligibility.
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(a) For an applicant to be eligible for a loan under AS 44.33.950 — 44.33.990, the applicant shall (1) be a resident of the state, as determined under (b) of this section; (2) provide a reasonable amount of money from other nonstate sources for use on any project or enterprise fo…
AS 44.33.965 Limitations on loans.
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(a) The department may use money from the Alaska microloan revolving loan fund to make loans of up to $35,000 to a person or loans of up to $70,000 to two or more persons. (b) A loan under AS 44.33.950 — 44.33.990 (1) may not exceed a term of 12 years, except for extensions under…
AS 44.33.970 Special account established.
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(a) The foreclosure expense account is established as a special account in the Alaska microloan revolving loan fund. (b) The department may expend money credited to the foreclosure expense account when necessary to protect the state's security interest in collateral on loans gran…
AS 44.33.975 Default.
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If the borrower defaults on a note, the department shall notify the borrower of the default and the consequences of default by mailing a notice to the borrower's most recent address provided to the department by the borrower or obtained by the department.
AS 44.33.980 Disposal of property acquired after default.
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The department shall dispose of property acquired through default of a loan made under AS 44.33.950 — 44.33.990. Disposal must be made in a manner that serves the best interest of the state and may include the amortization of payments over a period of years.
AS 44.33.990 Definitions.
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In AS 44.33.950 — 44.33.990, (1) “commissioner” means the commissioner of commerce, community, and economic development; (2) “department” means the Department of Commerce, Community, and Economic Development.