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Title 3 . Commerce, Community, and Economic Development
Chapter 99 . Commercial and Industrial Financing
Section 875. Disbursement of loan money

3 AAC 99.875. Disbursement of loan money

Loan money will be disbursed when

(1) a security interest in the collateral is perfected for the benefit of the rural development initiative fund;

(2) requirements of the loan committee have been met;

(3) the applicant is in compliance with all other provisions of the loan documents, AS 44.88.600 - AS 44.88.620 , and 3 AAC 99.825 - 3 AAC 99.899; and

(4) the applicant has paid all required costs and fees.

History: Eff. 2/8/2001, Register 158

Authority: AS 44.88.600

AS 44.88.610

AS 44.88.620

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Last modified 7/05/2006