Alaska Statutes.
Title 44. State Government
Chapter 88. Alaska Industrial Development and Export Authority
Section 620. Disposal of Property Acquired By Default or Foreclosure.
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AS 44.88.620. Disposal of Property Acquired By Default or Foreclosure.

The authority shall dispose of property acquired through default or foreclosure of a loan made from the rural development initiative fund. Disposal shall be made in a competitive manner that serves the best interests of the state, and may include the amortization of payments over a period of years. Proceeds from the disposal of property under this section shall be deposited into the fund.


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