Alaska Statutes Title 45, Chapter 45.81, Article 03 - Small Business Loans

• Sec. 45.81.200 Powers and Duties of Department of Commerce, Community, and Economic Development in General.
  (a) The Department of Commerce, Community, and Economic Development shall formulate general policies and adopt regulations necessary to carry out the provisions of AS...
• Sec. 45.81.210 Small Business Loans.
  (a) The commissioner shall, under regulations and policies adopted by the commissioner, make small business loans to acquire, finance, or refinance or equip businesses,...
• Sec. 45.81.220 Sale or Transfer of Mortgages and Notes.
  (a) The commissioner may sell or transfer at par value or at a premium or discount to any bank or other private purchaser for...
• Sec. 45.81.230 Disposal of Property Acquired by Default or Foreclosure.
  The Department of Commerce, Community, and Economic Development shall dispose of property acquired through default or foreclosure of a loan made under AS 45.81.200...
• Sec. 45.81.240 Creation of Fund.
  (a) There is created the small business revolving loan fund to carry out the purposes of AS 45.81.200 - 45.81.290. This fund shall be...
• Sec. 45.81.250 Special Account Established.
  (a) There is established as a special account within the small business revolving loan fund the foreclosure expense account. This account is established as...
• Sec. 45.81.260 Eligibility for Loans.
  A person is eligible for a loan under AS 45.81.200 - 45.81.290 if(1) the person can establish or demonstrate good character, capacity for financial...
• Sec. 45.81.290 Definition.
  In AS 45.81.200 - 45.81.290, "commissioner" means the commissioner of commerce, community, and economic development.

Last modified: November 15, 2016