Title 14 — Education, Libraries, and Museums
36 chapters · 1,018 sections in this title.
AS 14.42.205 Supplemental education loans: financing program.
1.2K chars
(a) The purpose of this section is to provide for supplemental education loan financing to assist qualified borrowers with unmet costs of attendance at a postsecondary institution approved by the commission. (b) The corporation may develop and establish a financing program for th…
AS 14.42.210 Education loan fund and program administration.
1.5K chars
(a) The education loan fund is established in the corporation. The education loan fund is a trust fund to be used to carry out the purposes of AS 14.42.100 — 14.42.990, AS 14.43.091 — 14.43.175, 14.43.600 — 14.43.700, 14.43.710 — 14.43.750, 14.43.990, and AS 14.44.025. The fund c…
AS 14.42.215 Interest.
0.6K chars
(a) The corporation shall set the interest rate on a loan financed by the corporation under AS 14.43.091 — 14.43.160, 14.43.170 — 14.43.175, 14.43.710 — 14.43.750, and AS 14.44.040. Interest on a loan accrues from the time the loan is disbursed. (b) A borrower may elect to make p…
AS 14.42.220 Bonds of the corporation.
1.9K chars
(a) The corporation may borrow money and may issue bonds, on which the principal and interest are payable from its income and receipts or other assets or a designated part or parts of them. The corporation may use the proceeds of its bonds for any purposes that the corporation co…
AS 14.42.230 Trust indentures and trust agreements.
1.9K chars
An issue of bonds by the corporation may be secured by a trust indenture or trust agreement between the corporation and a corporate trustee, which may be a trust company, bank, or national banking association, with corporate trust powers, located inside or outside the state, or b…
AS 14.42.240 Reserves and capital reserves.
3.9K chars
(a) For the purpose of securing one or more issues of bonds of the corporation, the board may establish one or more special funds, called “capital reserve funds,” and may pay into those capital reserve funds the proceeds of the sale of bonds and other money available to the corpo…
AS 14.42.250 Validity of pledge.
0.8K chars
It is the intention of the legislature that a pledge made in respect to bonds of the corporation shall be valid, perfected, and binding from the time the pledge is made; that the money or property so pledged and thereafter received by the corporation shall immediately be subject …
AS 14.42.260 Nonliability on bonds.
0.9K chars
(a) The members of the board and individuals executing the bonds of the corporation are not liable personally on the bonds or subject to personal liability or accountability by reason of the issuance of the bonds. (b) The bonds issued by the corporation do not constitute an indeb…
AS 14.42.265 Underwriters.
0.4K chars
The board may select one or more underwriters for its bonds in accordance with procedures (1) for the award of a contract under AS 36.30.200 — 36.30.260; or (2) adopted by regulations of the board that are based on the competitive principles of AS 36.30.200 — 36.30.260 and are ad…
AS 14.42.270 Pledge and agreement of state.
0.7K chars
The state pledges to and agrees with holders of bonds issued by the corporation that the state will not limit or alter the rights and powers vested in the corporation under AS 14.42.100 — 14.42.990 to fulfill the terms of a contract made by the corporation with the bondholders or…
AS 14.42.280 Exemption from taxation.
1.0K chars
The real and personal property of the corporation and its assets, income, and receipts are declared to be the property of a political subdivision of the state and devoted to an essential public and governmental function and purpose, and the property, assets, income, receipts, and…
AS 14.42.290 Bonds legal investments for fiduciaries.
0.9K chars
The bonds of the corporation are securities in which public officers and bodies of the state, municipalities, insurance companies, insurance associations, other persons carrying on an insurance business, banks, bankers, trust companies, savings banks, savings associations, buildi…
AS 14.42.295 Payment to state.
1.4K chars
(a) The board may elect to pay the state a return of contributed capital, or a dividend, for each base fiscal year that the corporation's net income equals or exceeds $2,000,000. The payment may not be less than 10 percent nor more than 35 percent, as approved by the board, of th…
AS 14.42.300 Operation of certain statutes excepted.
0.6K chars
(a) The corporation is not a municipality as the term is defined in AS 01.10.060. Except as provided in AS 14.42.190, the corporation is not subject to AS 37. For all other purposes the corporation is a political subdivision and an instrumentality of the state. (b) The funds, inc…
AS 14.42.310 Annual audit.
0.3K chars
The financial records of the corporation shall be audited annually by the legislative auditor or by a certified public accountant approved by the legislative auditor. The legislative auditor may prescribe the form and content of the financial records of the corporation and shall …
AS 14.42.390 Definitions. [Repealed, § 42 ch 85 SLA 2001.]
0.0K chars
Article 3. General Provisions.
AS 14.42.990 Definitions.
1.0K chars
In this chapter, unless the context requires otherwise, (1) “board” means the board of directors of the corporation; (2) “commission” means the Alaska Commission on Postsecondary Education created in AS 14.42.015; (3) “corporation” means the Alaska Student Loan Corporation create…
AS 14.43.010 Scholarships for dormitory rent.
0.8K chars
The high school student in each graduating class in each high school in the state who, upon the completion of four years of high school work in a high school in the state, obtains the highest average standing for all the credits earned, and who is graduated at an annual commencem…
AS 14.43.015 Alternate upon refusal or failure to accept.
0.2K chars
If a person entitled to receive the benefit of AS 14.43.010 declines or fails to accept it, the graduate next in line in class standing is entitled to receive the benefit.
AS 14.43.020 Applications for and issuance and report of certificates.
0.2K chars
A certificate shall be applied for and issued to a graduate before August 2 of each year and shall be reported immediately to the registrar of the University of Alaska by the superintendent or principal issuing it.
AS 14.43.025 Forfeiture of scholarship benefits.
0.2K chars
Failure to do passing work in more than one subject during a semester, or withdrawal or expulsion from the University of Alaska, constitutes a forfeiture during the following semester or semesters of the benefits of AS 14.43.010 and 14.43.015.
AS 14.43.030 Payment of scholarships.
0.4K chars
Article 2. University of Alaska Scholarships for Natives. Payment of the scholarships shall be made monthly to the University of Alaska upon vouchers drawn upon the Department of Administration and duly certified by the treasurer and the president of the Board of Regents. Payment…
AS 14.43.050 Purpose of scholarships.
0.3K chars
Because of the language difficulty and economic conditions of the Native peoples of the state, and the necessity for integrating the Native cultures with the state economy, it is the purpose of the legislature to provide assistance to Natives who wish to pursue a higher education…
AS 14.43.055 Scholarships.
0.8K chars
The Board of Regents of the University of Alaska shall offer not more than 15 new scholarships for each academic year to Alaska Natives desiring to attend the University of Alaska. The board shall give preference to Natives residing in the rural areas of the state who desire to r…
AS 14.43.060 Continuation of scholarships.
0.5K chars
The award of free room and board shall be made from any funds available to the University of Alaska. Each Native who receives a scholarship under AS 14.43.050 — 14.43.075 is entitled to retain the scholarship and to receive free room and board during attendance at the University …
AS 14.43.065 Scholarships in addition to other scholarships.
0.2K chars
The scholarships under AS 14.43.050 — 14.43.075 are supplemental and in addition to any other scholarship to which an applicant is entitled or may receive.
AS 14.43.075 Definition of Native.
0.5K chars
Article 3. Free Tuition and Fees for Spouse and Children of Certain Police, Fire, or Military Personnel. In AS 14.43.050 — 14.43.075, “Native” means a person between the ages of 17 and 25 who is a descendant of a member of the aboriginal races inhabiting the state when annexed to…
AS 14.43.080 Free tuition and fees at state-supported educational institutions. [Repealed, § 2 ch 50 SLA 1991.]
0.0K chars
[Repealed or reserved.]
AS 14.43.085 Free tuition and fees for a spouse or dependent of a peace officer or members of the armed services or a fire department.
2.3K chars
Article 4. Education Loan Program. (a) A person enrolled as a student in good standing in a state supported educational institution in this state is entitled to a waiver of undergraduate tuition and fees if the person was the spouse or dependent child of a bona fide resident of t…
AS 14.43.090 Scholarship revolving loan fund. [Repealed, § 42 ch 85 SLA 2001.]
0.0K chars
[Repealed or reserved.]
AS 14.43.091 Education loan program.
0.9K chars
(a) There is created the education loan program to provide loans to individuals who are students to assist in paying the costs of postsecondary education. The provisions of this section, AS 14.43.100 — 14.43.160, 14.43.910, 14.43.920, and 14.43.990 apply to the loans. (b) Upon ap…
AS 14.43.095 Financial aid committee. [Repealed, § 29 ch 43 SLA 1991.]
0.0K chars
[Repealed or reserved.]
AS 14.43.100 Applications.
0.3K chars
(a) Applications shall be submitted to the executive director of the commission. (b) A person whose loan application is not approved by the executive director of the commission may appeal to the commission and the commission shall consider the application.
AS 14.43.105 Administration of program.
0.3K chars
The executive director shall administer the programs subject to review by the commission and in accordance with the regulations adopted by the commission. The adoption of these regulations is subject to AS 44.62 (Administrative Procedure Act). A summary of the regulations shall b…
AS 14.43.110 Education loans.
1.1K chars
(a) In a school year, the commission may make a loan not to exceed (1) $8,500 to a full-time undergraduate student or $5,000 to a half-time undergraduate student attending a college or university if the full- or half-time student is otherwise eligible under AS 14.43.125; (2) $9,5…
AS 14.43.115 Graduate loans. [Repealed § 26 ch 5 SLA 1996.]
0.0K chars
[Repealed or reserved.]
AS 14.43.120 Conditions of loans.
8.6K chars
(a) Proceeds from an education loan to a full-time student may only be used for books and supplies, tuition and required fees, loan origination fees, and room and board. Proceeds from an education loan to a half-time student may only be used for books and supplies, tuition and re…
AS 14.43.122 Consolidation of loans.
0.9K chars
(a) The corporation may offer a borrower who has received more than one education loan the option of consolidating the multiple loans into a single loan as provided in this section. (b) For a borrower to be eligible for consolidation of a loan under this section, the borrower mus…
AS 14.43.125 Eligibility of students.
5.0K chars
(a) A person is eligible for a loan if the person (1) is (A) enrolled as a full-time student in a career education, associate, baccalaureate, or graduate degree program; (B) enrolled as a half-time student in a career education, associate, baccalaureate, or graduate degree progra…
AS 14.43.130 Selection criteria. [Repealed, § 19 ch 67 SLA 1983.]
0.0K chars
[Repealed or reserved.]
AS 14.43.135 Discrimination prohibited.
0.2K chars
The programs established under this chapter shall be carried out without regard to the applicant's or participant's race, creed, sex, color, ancestry, national origin, or membership in fraternal or political organizations.
AS 14.43.140 Enforceability of certain contracts with minors.
0.6K chars
A written obligation entered into by a minor at least 16 years of age, evidencing a loan or other assistance received by the minor from any person for the purpose of furthering the minor's education in a career education program or an institution of higher learning, is enforceabl…
AS 14.43.145 Default.
2.0K chars
(a) For the purposes of this chapter, a loan is in default after a loan payment has become 180 or more days past due or, for a loan under AS 14.43.161 — 14.43.168 or 14.43.170 — 14.43.175, the default requirements established by the commission have been met. Upon default, (1) rep…
AS 14.43.147 Order to withhold and deliver.
4.5K chars
(a) Thirty days after the date a notice of default under AS 14.43.145(b) is mailed or the date of the decision of the executive director under AS 14.43.145(c), whichever is later, the commission may issue an order to withhold and deliver property to a person, or agency or politic…
AS 14.43.148 Nonrenewal of license.
0.0K chars
[Repealed or reserved.]
AS 14.43.149 Lien.
0.8K chars
(a) The amount owing on a loan that is in default under this chapter, including principal, interest, and collection costs, is a lien upon all property and right to property, real or personal, belonging to the borrower. The lien arises at the time that the commission mails or othe…
AS 14.43.150 Order to assign wages for defaulted loan.
1.3K chars
(a) In a court proceeding regarding a defaulted loan under this chapter in which the court has entered judgment in favor of the commission, the court may, on its own motion or motion of the commission, after notice and an opportunity for hearing, order the loan recipient to assig…
AS 14.43.151 Authority and procedure to administratively establish and enforce a collection order.
0.4K chars
If a judgment in favor of the commission has not been entered by the court regarding a defaulted loan awarded under this chapter, the commission may establish a duty to repay the defaulted loan through a collection order using the procedures prescribed in AS 14.43.152 — 14.43.155…
AS 14.43.152 Initiation of administrative action to establish a collection order; required notice.
1.6K chars
(a) An action to establish a collection order authorized under AS 14.43.151 is initiated by the commission's serving on the borrower a notice of establishment of collection order. The notice shall be served by mailing the notice to the borrower at (1) the borrower's most recent a…
AS 14.43.153 Hearings in administrative action to establish a collection order; burden of proof.
1.7K chars
(a) A borrower served with a notice of establishment of collection order under AS 14.43.152 is entitled to a hearing before the commission if the request for a hearing is served on the commission by registered mail, return receipt requested, within 30 days after the date the noti…