Sec. 45.98.060. Penalty provision.
After a project for which a loan is granted is commenced, if the Department of Commerce, Community, and Economic Development or a local historical district commission, in consultation with the Alaska Historical Commission, determines that the project is inconsistent with the guidelines or stipulations for construction, or otherwise fails to conform to the requirements of […]
Sec. 45.98.070. Short title.
This chapter may be cited as the Historical District Loan Act.
Sec. 45.88.110. Special account established.
(a) There is established as a special account within the residential energy conservation fund the foreclosure expense account. This account is established as a reserve from fund equity. (b) The commissioner may expend money credited to the foreclosure expense account when necessary to protect the state’s security interest in collateral on loans made under AS […]
Sec. 45.88.120. Loans.
(a) The department may make loans for the purchase, construction, and installation of an energy conservation improvement in a residential building. (b) A loan for the purchase, construction, and installation of an energy conservation improvement under AS 45.88.100 – 45.88.190 may not exceed the lesser of (1) an amount, as determined by an energy audit, […]
Sec. 45.88.130. Sale or transfer of mortgages and notes.
The commissioner may sell or transfer at par value or at a premium or discount to any bank or other private purchaser for cash or other consideration the mortgages and notes held by the department as security for loans made under AS 45.88.100 – 45.88.190.
Sec. 45.88.140. Disposal of property acquired by default or foreclosure.
The department shall dispose of property acquired through default or foreclosure of a loan made under AS 45.88.100 – 45.88.190. Disposal shall be made in a manner that serves the best interests of the state, and may include the amortization of payments over a period of years.
Sec. 45.88.150. Regulations.
(a) The department shall adopt regulations necessary to carry out the provisions of AS 45.88.100 – 45.88.190, including regulations to establish reasonable fees for services provided and charges for collecting the fees. (b) The department may collect the fees and collection charges established under (a) of this section.
Sec. 45.88.190. Definitions.
In AS 45.88.010 – 45.88.190, (1) “commissioner” means the commissioner of commerce, community, and economic development; (2) “department” means the Department of Commerce, Community, and Economic Development; (3) “energy audit” means (A) [Repealed, § 10 ch 79 SLA 1983.] (B) an energy audit performed under § 215(b)(1)(A) of the federal residential energy conservation program of […]
Sec. 45.98.010. Creation of historical district revolving loan fund.
(a) There is created in the Department of Commerce, Community, and Economic Development a historical district revolving loan fund. All principal and interest payments, and money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under this chapter, shall be paid into the historical district revolving […]
Sec. 45.98.015. Special account established.
(a) There is established as a special account within the historical district revolving loan fund the foreclosure expense account. This account is established as a reserve from fund equity. (b) The commissioner of commerce, community, and economic development may expend money credited to the foreclosure expense account when necessary to protect the state’s security interest […]