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(1) "bulk fuel" means bulk petroleum fuels;
(2) "default" includes a violation of any provision of AS 42.45.250 , 3 AAC 106.300 - 3 AAC 106.365, or the loan documents, failure to make a necessary payment within 15 days after it is due, or failure to maintain the insurance required by the authority;
(3) "wraparound financing" means a contract that includes the balance due on an existing debt and an additional amount to cover the difference between the selling price and the existing debt.
History: Eff. 2/16/96, Register 137
Authority: AS 44.45.250
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Last modified 7/05/2006