49 chapters · 1,288 sections in this title.
AS 45.81.230 Disposal of property acquired by default or foreclosure.
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The Department of Commerce, Community, and Economic Development shall dispose of property acquired through default or foreclosure of a loan made under AS 45.81.200 45.81.290. Disposal shall be made in a manner that serves the best interests of the state, and may include the amo…
AS 45.81.240 Creation of fund.
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(a) There is created the small business revolving loan fund to carry out the purposes of AS 45.81.200 45.81.290. This fund shall be used for no other purpose. (b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 45.81.200 4…
AS 45.81.250 Special account established.
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(a) There is established as a special account within the small business revolving loan 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…
AS 45.81.260 Eligibility for loans.
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A person is eligible for a loan under AS 45.81.200 45.81.290 if (1) the person can establish or demonstrate good character, capacity for financial responsibility, ability to provide sufficient collateral and knowledge of Alaska economic conditions; (2) the person is a resident …