The Department of Commerce, Community, and Economic Development shall dispose of property acquired through default or foreclosure of a loan made under AS 45.81.200 - 45.81.290. 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 81. Business Loan and Grant Programs
Article 3. Small Business Loans.
Sec. 45.81.210. Small business loans.
Sec. 45.81.220. Sale or transfer of mortgages and notes.
Sec. 45.81.230. Disposal of property acquired by default or foreclosure.
Sec. 45.81.240. Creation of fund.
Sec. 45.81.250. Special account established.