Alaska Statutes Title 16, Chapter 16.10, Article 13 - Commercial Charter Fisheries Revolving Loan Fund

• Sec. 16.10.801 Commercial Charter Fisheries Revolving Loan Fund.
  (a) The commercial charter fisheries revolving loan fund is created in the Department of Commerce, Community, and Economic Development to carry out the purposes...
• Sec. 16.10.805 Powers and Duties of the Department.
  The department may(1) make loans to eligible applicants under AS 16.10.801 - 16.10.840(A) for the purchase of charter halibut permits;(B) to refinance debt obligations...
• Sec. 16.10.810 Eligibility.
  (a) For an applicant to be eligible for a loan under AS 16.10.801 - 16.10.840, the applicant shall be a resident of the state,...
• Sec. 16.10.815 Limitations on Loans.
  (a) Except as provided in (b) of this section, a loan under AS 16.10.801 - 16.10.840(1) for a charter halibut permit may not exceed...
• Sec. 16.10.820 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. 16.10.825 Special Account Established.
  (a) The foreclosure expense account is established as a special account within the commercial charter fisheries revolving loan fund.(b) The department may expend money...
• Sec. 16.10.830 Disposal of Property Acquired After Default.
  The department shall dispose of property acquired through default of a loan made under AS 16.10.801 - 16.10.840. Disposal must be made in a...
• Sec. 16.10.835 Waiver of Confidentiality.
  The commissioner may release information about the borrower's loan to any individual if release of the information has been authorized by the borrower.
• Sec. 16.10.840 Definitions.
  In AS 16.10.801 - 16.10.840,(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