Alaska Statutes Title 44, Chapter 44.33, Article 16 - Alaska Microloan Revolving Loan Fund

• Sec. 44.33.950 Alaska Microloan Revolving Loan Fund.
  (a) The Alaska microloan revolving loan fund is created in the Department of Commerce, Community, and Economic Development to carry out the purposes of...
• Sec. 44.33.955 Powers and Duties of the Department.
  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...
• Sec. 44.33.960 Eligibility.
  (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,...
• Sec. 44.33.965 Limitations on Loans.
  (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...
• Sec. 44.33.970 Special Account Established.
  (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...
• Sec. 44.33.975 Default.
  If the borrower defaults on a note, the department shall notify the borrower of the default and the consequences of default by mailing a...
• Sec. 44.33.980 Disposal of Property Acquired After Default.
  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...
• Sec. 44.33.990 Definitions.
  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

Last modified: November 15, 2016