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- Alaska Statutes.
- Title 27. Mining
- Chapter 9. Mining Loan Fund
- Section 10. Mining Loan Fund.
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. Mining Loan Fund
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. Special Account Established.
AS 27.09.010. Mining Loan Fund.
- (a) There is established in the Department of Commerce, Community, and Economic Development the mining loan fund. The
department may make loans from the fund to underwrite advanced mineral exploration, development, or mining in the
- (b) The mining loan fund is a revolving fund consisting of appropriations made to the fund by the legislature, repayments
of principal and interest, and any money chargeable to principal or interest that is collected through liquidation by
foreclosure or other process on loans made from the fund. On June 30 of each fiscal year the unexpended and unobligated
cash balance of the fund that is attributable to loans owned by the fund lapses into the general fund. Money in the
fund may be used by the legislature to make appropriations for costs of administering the fund.
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