To be eligible for a loan under AS 45.88.010 - 45.88.090, an applicant must
(1) physically reside in the state and maintain a domicile in the state during 12 consecutive months before the date of application for a loan and may not have
(A) declared or established residency in another state; or
(B) received residency or a benefit based on residency from another state;
(2) be at least 51 percent owned by individuals described in (1) of this section if the applicant is a corporation, joint venture, or partnership; or
(3) be a nonprofit organization under AS 10.20.
Structure Alaska Statutes
Chapter 88. Energy Loan and Grant Programs
Article 1. Alternative Energy Revolving Loan Fund.
Sec. 45.88.010. Fund established.
Sec. 45.88.015. Special account established.
Sec. 45.88.020. Powers and duties of the department in administering the fund.
Sec. 45.88.050. Disposal of property acquired by default or foreclosure.