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 81 . Fisheries Enhancement Tax Appropriations
Section 70. Supervision of loans and grants

3 AAC 81.070. Supervision of loans and grants

(a) As a condition of a loan and while there is an outstanding loan balance or if the loan is in default, the department will, in its discretion, require the borrower to furnish annual financial statements consisting of a balance sheet, profit and loss statement, sources and application of all money received and a schedule of change of owner's equity. The department will, in its discretion, also require an audit or audits to determine whether the borrower has complied with the provisions of the loan, and conduct periodic inspection of collateral securing repayment of the loan.

(b) The department will, in its discretion, exchange information with the Department of Fish and Game, including copies of reports filed under AS 16.10.470 , to assure compliance with loan terms.

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

Authority: AS 16.10.510

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