Alaska Statutes Title 16, Chapter 16.10, Article 08 - Commercial Fishing Loan Act

• Sec. 16.10.300 Declaration of Policy.
  It is the policy of the state, under AS 16.10.300 - 16.10.370, to promote the rehabilitation of the state's fisheries, the development of a...
• Sec. 16.10.310 Powers of the Department.
  (a) The department may(1) make loans(A) to individual commercial fishermen who have been state residents for a continuous period of two years immediately preceding...
• Sec. 16.10.315 Allocation of Loans. [Repealed, Sec. 4 Ch 100 Sla 2006].
  Repealed or Renumbered
• Sec. 16.10.320 Limitations on Loans.
  (a) Except as permitted in (h) and (l) of this section, a loan under AS 16.10.300 - 16.10.370(1) may not exceed a term of...
• Sec. 16.10.325 Guarantors.
  A person may act as guarantor if the borrower has insufficient collateral to secure a loan for the purposes described in AS 16.10.310(a)(1)(B) or...
• Sec. 16.10.330 Sale or Transfer of Mortgages, Bonds and Notes. [Repealed, Sec. 14 Ch 122 Sla 1980].
  Repealed or Renumbered
• Sec. 16.10.333 Loans for Purchase of Alaska Limited Entry Permits.
  (a) Loans under AS 16.10.310 (a) may be made to an individual commercial fisherman for the purchase of a limited entry permit upon certification...
• Sec. 16.10.335 Default and Foreclosure.
  (a) If the debtor defaults upon a note for which a limited entry permit has been pledged as security under AS 16.10.333 or 16.10.338,...
• Sec. 16.10.337 Deficiencies and Transfer of Entry Permits After Foreclosure.
  (a) Upon a foreclosure on an entry permit as provided in AS 16.10.335 or the termination of a debtor's interest in an entry permit...
• Sec. 16.10.338 Entry Permits As Collateral.
  (a) Alaska limited entry permits may be used as security for loans under AS 16.10.310 (a). The provisions of AS 16.10.335 and 16.10.337 apply...
• Sec. 16.10.339 Regulations.
  The department shall adopt regulations to implement AS 16.10.333 - 16.10.337.
• Sec. 16.10.340 Commercial Fishing Revolving Loan Fund.
  (a) There is a commercial fishing revolving loan fund to carry out the purpose of AS 16.10.300 - 16.10.370, except that the fund may...
• Sec. 16.10.342 Foreclosure Expense Account.
  (a) There is established as a special account within the commercial fishing revolving loan fund the foreclosure expense account.(b) [Repealed, Sec. 72 ch 113...
• Sec. 16.10.345 Community Quota Entity Revolving Loan Fund.
  (a) The community quota entity revolving loan fund is created. The commissioner may use the fund for loans made under AS 16.10.310(a)(1)(E) after June...
• Sec. 16.10.350 Administration of Fund.
  (a) The commissioner shall administer the commercial fishing revolving loan fund and the community quota entity revolving loan fund.(b) The commissioner shall annually prepare...
• Sec. 16.10.353 Waiver of Confidentiality.
  (a) The commissioner may release information about a borrower's loan to any individual when release of the information has been authorized by the borrower.(b)...
• Sec. 16.10.355 Disposal of Property Acquired by Default or Foreclosure.
  The department shall dispose of property acquired through default or foreclosure of a loan made under AS 16.10.300 - 16.10.370 or former AS 16.10.650...
• Sec. 16.10.360 Definitions.
  In AS 16.10.300 - 16.10.370,(1) "commission" means the Alaska Commercial Fisheries Entry Commission;(2) "commissioner" means the commissioner of commerce, community, and economic development;(3) "debtor"...
• Sec. 16.10.370 Short Title.
  AS 16.10.300 - 16.10.370 may be cited as the Commercial Fishing Loan Act.

Last modified: November 15, 2016