Alaska Statutes Title 27, Chapter 27.09 - Mining Loan Fund

• Sec. 27.09.010 Mining Loan Fund.
  (a) There is established in the Department of Commerce, Community, and Economic Development the mining loan fund. The department may make loans from the...
• Sec. 27.09.015 Special Account Established.
  (a) There is established as a special account within the mining loan fund the foreclosure expense account. This account is established as a reserve...
• Sec. 27.09.020 Eligibility.
  (a) The department may make loans under this chapter to(1) an individual who has at least five years of mining or prospecting experience in...
• Sec. 27.09.030 Operating Plan.
  (a) A person who requests a loan under AS 27.09.010 shall prepare an operating plan that describes the amount of the loan requested, the...
• Sec. 27.09.040 Loan Terms.
  (a) A loan granted under this chapter(1) may not exceed $5,000,000;(2) may not exceed a term of 15 years;(3) may not bear interest exceeding...
• Sec. 27.09.045 Refinancing.
  The department may refinance a loan under this chapter by making a loan to pay outstanding mining debts. When an original loan is to...
• Sec. 27.09.050 Regulations.
  The department may adopt regulations necessary to carry out the provisions of this chapter, including regulations to establish reasonable fees for services provided. Regulations...
• Sec. 27.09.055 Disposal of Property Acquired by Default or Foreclosure.
  The department shall dispose of property acquired through default or foreclosure of a loan made under this chapter. Disposal shall be made in a...
• Sec. 27.09.060 Definitions.
  In this chapter,(1) "advanced mineral exploration" means the investigation of a known mineral deposit to gain knowledge of its size, shape, and value, and...

Last modified: November 15, 2016