The Department of Commerce, Community, and Economic Development shall dispose of property acquired through default or foreclosure of a loan made under AS 16.10.500 - 16.10.560. 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.
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.