Alaska Statutes 45.81.120 – Powers and duties of the Department of Commerce, Community, and Economic Development

(a) The department may

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Terms Used In Alaska Statutes 45.81.120

Amortization: Paying off a loan by regular installments.

(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 for the repayment of loans not to exceed 20 years;

(5) collect the fees and collection charges established under this subsection.

(b)[Repealed, Sec. 84 ch 58 SLA 1999].

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