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(2) “department” means the Department of Commerce, Community, and Economic Development; (3) “energy audit” means (A) [Repealed, § 10 ch 79 SLA 1983.]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 […]
Sec. 45.98.020. Historical district loans.
Upon endorsement and plan approval by a local historical district commission established under AS 29.55.010 or former AS 29.48.108 and the recommendation of a majority of the members of the Alaska Historical Commission, the Department of Commerce, Community, and Economic Development may make loans to a person, firm, business, or municipality subject to applicable laws […]
Sec. 45.88.015. Special account established.
(a) There is established, as a special account within the revolving loan fund established under AS 45.88.010, 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 […]
Sec. 45.88.020. Powers and duties of the department in administering the fund.
(a) The department may (1) make loans for the purchase, construction, and installation, in commercial buildings that are located in the state, of (A) alternative energy systems; and (B) energy conservation improvements; (2) adopt regulations necessary to carry out the provisions of AS 45.88.010 – 45.88.090, including regulations to establish reasonable fees for services provided […]
Sec. 45.88.025. Eligibility.
To be eligible for a loan under AS 45.88.010 – 45.88.090, an applicant must (1) physically reside in the state and maintain a domicile in the state during 12 consecutive months before the date of application for a loan and may not have (A) declared or established residency in another state; or (B) received residency […]
Sec. 45.81.120. Powers of the Department of Commerce, Community, and Economic Development.
(a) The department may (1) make loans to a business directly involved in the tourist industry; (2) designate agents and delegate powers to them as is necessary; (3) adopt regulations necessary to carry out its functions, including regulations to establish reasonable fees for services provided and charges for collecting the fees; (4) establish amortization plans […]
Sec. 45.88.030. Loan terms.
(a) A loan made under AS 45.88.010 – 45.88.090 may not exceed $50,000. If the requested loan amount exceeds $30,000, the applicant must deliver to the department a document from a financial institution stating that (1) the applicant has been denied a loan for the same purpose; or (2) the loan from the financial institution […]