(a) The authority may

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Alaska Statutes 44.88.420

  • Amortization: Paying off a loan by regular installments.
(1) accept United States Economic Development Administration revolving fund grants;
(2) make loans to eligible applicants under the United States Economic Development Administration Long-Term Economic Deterioration (LTED) and Sudden and Severe Economic Dislocation (SSED) programs;
(3) designate agents and delegate powers to them as necessary;
(4) adopt regulations necessary to carry out its functions and to administer programs under United States Economic Development Administration guidelines, including regulations to establish reasonable fees for services provided;
(5) establish amortization plans for the repayment of loans that may include extensions; and
(6) charge and collect the fees established under this subsection.
(b)[Repealed, Sec. 28 ch 90 SLA 1991].
  Previous section
Next section  
 Article 5 Contents