Sec. 45.98.055. 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 this chapter. 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. 45.98.060. 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. 45.81.220. 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 cash or other consideration the mortgages and notes held by the Department of Commerce, Community, and Economic Development as security for loans made under AS 45.81.200 – 45.81.290. (b) [Repealed, § […]
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 – 45.81.290. 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. 45.81.240. 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 used for no other purpose. (b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 45.81.200 – 45.81.290.
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 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 […]
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 responsibility, ability to provide sufficient collateral and knowledge of Alaska economic conditions; (2) the person is a resident of the state; and (3) in the judgment of the Department of […]