(a) An association of persons who hold entry permits under AS 16.43, that consists of at least 51 percent of the persons holding entry permits and actively participating in a fishery to be benefited by a hatchery program, may levy and collect an assessment from among its members for the purpose of securing and repaying a loan made under AS 16.10.510.
(b) Upon satisfactory demonstration to the commissioner that an assessment levied under this section may reasonably be relied upon to secure and repay a loan to be made under AS 16.10.510, the commissioner may make the loan.
(c) [Repealed, ยง 33 ch 14 SLA 1987.]
Structure Alaska Statutes
Chapter 10. Fisheries and Fishing Regulations
Article 10. Fisheries Enhancement Loan Program.
Sec. 16.10.500. Declaration of policy.
Sec. 16.10.505. Fisheries enhancement revolving loan fund.
Sec. 16.10.507. Foreclosure expense account.
Sec. 16.10.510. Powers and duties of the commissioner.
Sec. 16.10.520. Limitation on loans.
Sec. 16.10.525. Repayment of principal and interest on loans.
Sec. 16.10.540. Voluntary assessment on sale of salmon.
Sec. 16.10.555. Disposal of property acquired by default or foreclosure.