The Department of Commerce, Community, and Economic Development shall dispose of property acquired through default or foreclosure of a loan made under this chapter. 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 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.