The department may
(1) make loans to eligible applicants under AS 44.33.665 for the purchase and installation of capstone avionics equipment;
(2) receive, take, hold, and administer any appropriation, gift, grant, bequest, devise, or donation of money for the fund;
(3) establish amortization plans for repayment of loans, including extensions of the terms of loans;
(4) allow an assumption of a loan if the applicant meets the requirements established under this section;
(5) establish the rate of interest for loans consistent with law;
(6) charge and collect fees for services provided under AS 44.33.650 - 44.33.690;
(7) adopt regulations under AS 44.62 necessary to carry out the provisions of AS 44.33.650 - 44.33.690, including regulations to establish reasonable fees for services provided; and
(8) designate agents and delegate powers as necessary to the agents.
Section: Previous 44.33.650 44.33.655 44.33.660 44.33.665 44.33.670 44.33.675 44.33.680 44.33.690 44.33.700 NextLast modified: November 15, 2016