(a) There is created a memorial education revolving loan fund. The fund shall be used to provide education loans to students selected under Alaska Stat. § 14.43.250 – 14.43.325. Repayments of a loan shall be deposited into the memorial education revolving loan fund and shall be used to make new loans.
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(b) Each memorial education loan, the purpose of which is set out in Alaska Stat. § 14.43.250(b), is a separate account in the memorial education revolving loan fund created under (a) of this section.(c)[Repealed, Sec. 42 ch 85 SLA 2001].
