Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 3 . Commerce, Community, and Economic Development
Chapter 80 . Fisheries Enhancement Tax Appropriations
Section 45. Ability to repay

3 AAC 80.045. Ability to repay

(a) The department will, in its discretion, consider the following factors in evaluating an applicant's ability to repay:

(1) income history, including present income;

(2) prospects for future income;

(3) assets and their liquidity;

(4) liabilities;

(5) reasonableness of projected profit and loss statement; and

(6) other relevant experience.

(b) The department will, in its discretion, compare revenue projections contained in an applicant's profit and loss statement with information it acquires through its own efforts or from the Department of Fish and Game, the Commercial Fisheries Entry Commission, or the Alaska Commercial Fishing and Agriculture Bank on the success of other fishermen in similar circumstances to determine the reasonableness of the applicant's projections.

History: Eff. 9/11/85, Register 95

Authority: AS 16.10.310

AS 16.10.339

Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006