The department shall dispose of property acquired through default or foreclosure of a loan made under AS 16.10.300 - 16.10.370 or former AS 16.10.650 - 16.10.720. 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, but may not be by lease.
Structure Alaska Statutes
Chapter 10. Fisheries and Fishing Regulations
Article 8. Commercial Fishing Loan Act.
Sec. 16.10.300. Declaration of policy.
Sec. 16.10.310. Powers of the department.
Sec. 16.10.320. Limitations on loans.
Sec. 16.10.333. Loans for purchase of Alaska limited entry permits.
Sec. 16.10.335. Default and foreclosure.
Sec. 16.10.337. Deficiencies and transfer of entry permits after foreclosure.
Sec. 16.10.338. Entry permits as collateral.
Sec. 16.10.340. Commercial fishing revolving loan fund.
Sec. 16.10.342. Foreclosure expense account.
Sec. 16.10.350. Administration of fund.
Sec. 16.10.353. Waiver of confidentiality.
Sec. 16.10.355. Disposal of property acquired by default or foreclosure.