The authority shall dispose of property acquired through default or foreclosure on a loan made under AS 44.88.400 - 44.88.430. 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 88. Alaska Industrial Development and Export Authority
Article 5. Small Business Economic Development Revolving Loan Fund.
Sec. 44.88.400. Creation of a small business economic development revolving loan fund.
Sec. 44.88.410. Special account established.
Sec. 44.88.420. Powers and duties of the authority.
Sec. 44.88.430. Disposal of property acquired by default or foreclosure.