(a) For an applicant to be eligible for a loan under Alaska Stat. § 44.33.95044.33.990, the applicant shall

Terms Used In Alaska Statutes 44.33.960

  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) be a resident of the state, as determined under (b) of this section;
(2) provide a reasonable amount of money from other nonstate sources for use on any project or enterprise for which money from a loan will be used; and
(3) if the requested loan amount is more than $35,000, provide to the department a document from a state financial institution stating that

(A) the applicant has been denied a loan for the same purpose; or
(B) a loan from the financial institution is contingent on the applicant also receiving a loan from the fund.
(b) To meet the residency requirements of (a) of this section, the applicant

(1) shall physically reside in this state and maintain a domicile in this state during the 12 consecutive months preceding the date of application for the program; and
(2) may not have

(A) declared or established residency in another state; or
(B) received residency or a benefit based on residency from another state.