Sec. 44.81.210. General powers of the bank.
The bank may (1) adopt, alter, and use a corporate seal; (2) sue and be sued in the name of the bank; (3) appoint officers, employees, trustees for certificate holders, and agents, and establish their powers and duties; (4) provide technical services to members of the bank; in this paragraph, “technical services” includes services that […]
Sec. 44.81.215. Lending powers of the bank.
(a) The bank may (1) make loans to individuals, including married couples, who are residents of the state and who are engaged in commercial agriculture or fishing, including harvesters, processors, suppliers, and marketers, if at least one of the primary obligors on the loan is a member of the bank; (2) make loans to corporations, […]
Sec. 44.81.225. Small loans to nonmembers.
(a) To facilitate the development of commercial fisheries and commercial agriculture in geographic areas in which factors such as geographic considerations, uncertainties of communication, or limited demands do not encourage normal lending activities, the bank may make small loans to qualified borrowers who are not members of the bank. (b) The provisions of this chapter […]
Sec. 44.81.231. Pledge of permits.
(a) A limited entry permit issued under AS 16.43 may be pledged by the holder as security for a loan authorized under AS 44.81.236 if the certificate for the pledged permit lists the bank as the legal owner of the permit and the pledger as the equitable owner of the permit. (b) Annual permit cards […]
Sec. 44.81.236. Limitations on the pledge of permits.
A loan may not be secured by the pledge of a limited entry permit unless the proceeds of the loan are used for (1) the purchase of a permit; (2) the purchase or lease of quota shares, individual fishing quotas, or another license, permit, or other grant of commercial fisheries harvesting entitlements that is issued […]
Sec. 44.81.241. Initial notice of default.
If there is a default on a loan secured by a permit pledged under AS 44.81.231, the bank shall notify the borrowers and guarantors on the loan of the default and of the right to cure the default by sending a notice by certified mail to their last known address or addresses on file with […]
Sec. 44.68.210. Fund established.
The highways equipment working capital fund is established as an intragovernmental service fund for the use of the Department of Transportation and Public Facilities.
Sec. 44.80.010. State as a party to actions.
If a statute or regulation designates a state department, agency, board, commission, or public officer as a necessary or proper party to prosecute or defend an action in a court of the state, (1) the state is also a proper party to the action; (2) it is not necessary to name a department, agency, board, […]
Sec. 44.68.220. Use of fund.
The Department of Transportation and Public Facilities shall use the highways equipment working capital fund for necessary expenses resulting from the centralization of equipment maintenance and for the operation of supply depots. The annual estimated balance in the fund may be used by the legislature to make appropriations to the department to carry out the […]
Sec. 44.80.070. Liability of state under special use permits.
When the state, or a department or agency of the state that has control over a highway or vehicular way or area, permits a portion of the highway or vehicular way or area, as defined under AS 28.90.990, to be used for a special purpose, the state is not subject to legal action or recovery […]