(a) The commissioner of commerce, community, and economic development or a designee of the commissioner may sell or transfer at par value or at a premium or discount to any bank or other private purchaser for cash or other consideration the mortgages and notes held by the Department of Commerce, Community, and Economic Development as security for loans made under this chapter.
(b) [Repealed, ยง 33 ch 141 SLA 1988.]
Structure Alaska Statutes
Chapter 98. Historical District Loan Act
Sec. 45.98.010. Creation of historical district revolving loan fund.
Sec. 45.98.015. Special account established.
Sec. 45.98.020. Historical district loans.
Sec. 45.98.030. Powers of the department.
Sec. 45.98.040. Limitations on loans.
Sec. 45.98.050. Sale or transfer of mortgages and notes.
Sec. 45.98.055. Disposal of property acquired by default or foreclosure.