(a) If an association has received state operation and maintenance funds under AS 03.20.010 - 03.20.080 and fails to hold a fair in accordance with its program, or does not disburse all of the state funds paid to it for that purpose, the association shall return those funds, or the unexpended portions, to the department within 60 days after the date set for the fair. If an association fails to comply with this section the attorney general shall institute proceedings to recover the funds.
(b) If an association has received state capital improvement funds under AS 03.20.010 - 03.20.080 and fails to expend them within five years for capital improvements designated in its long-term capital improvement plan in effect at the time of the grant, the commissioner may, after investigation, require that the unexpended funds be returned to the department.
Section: Previous 03.20.010 03.20.020 03.20.030 03.20.035 03.20.040 03.20.050 03.20.060 03.20.070 03.20.080 NextLast modified: November 15, 2016