(a) There is established as a special account within the Alaska capstone avionics revolving loan fund the foreclosure expense account.
(b) The department may expend money credited to the foreclosure expense account when necessary to protect the state's security interest in collateral on loans granted under AS 44.33.665 or to defray expenses incurred during foreclosure proceedings after a default by an obligor.
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