(a) An association of persons who hold entry permits under AS 16.43 comprising 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 16.10.890 - 16.10.945.
(b) Upon satisfactory demonstration to the department that an assessment levied under this section may reasonably be relied on to secure and repay a loan to be made under AS 16.10.890 - 16.10.945, the department may make the loan.
Structure Alaska Statutes
Chapter 10. Fisheries and Fishing Regulations
Article 14. Mariculture Revolving Loan Fund.
Sec. 16.10.890. Declaration of policy.
Sec. 16.10.900. Mariculture revolving loan fund.
Sec. 16.10.905. Powers and duties of the department.
Sec. 16.10.915. Limitations on loans.
Sec. 16.10.920. Repayment of principal of and interest on loans.
Sec. 16.10.923. Voluntary assessment on sale of shellfish.
Sec. 16.10.930. Special account established.
Sec. 16.10.935. Disposal of property acquired after default.