(a) The mariculture revolving loan fund is created within the Department of Commerce, Community, and Economic Development to carry out the purposes of AS 16.10.900 - 16.10.945.
(b) The mariculture revolving loan fund consists of the following:
(1) money appropriated to, transferred to, or received by gift, grant, devise, bequest, or donation to the fund;
(2) principal and interest payments or other income earned on loans or investments of the fund; and
(3) money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under AS 16.10.900 - 16.10.945.
(c) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 16.10.900 - 16.10.945.
Section: 16.10.900 16.10.905 16.10.910 16.10.915 16.10.920 16.10.925 16.10.930 16.10.935 16.10.940 16.10.945 NextLast modified: November 15, 2016