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- Alaska Statutes.
- Title 16. Fish and Game
- Chapter 10. Fisheries and Fishing Regulations
- Section 507. Special Account Established.
previous: Section 505
. Fisheries Enhancement Revolving Loan Fund.
next: Section 510
. Powers and Duties of the Commissioner.
AS 16.10.507. Special Account Established.
- (a) There is established as a special account within the fisheries enhancement revolving loan fund the foreclosure expense
account. This account is established as a reserve from fund equity.
- (b) The commissioner may expend money credited to the foreclosure expense account when necessary to protect the state's
security interest in collateral on loans made under AS 16.10.520
or to defray expenses incurred during foreclosure proceedings after a default by an obligor.
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