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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) For an applicant to be eligible for a loan under AS 44.33.950--44.33.990, the applicant shall
(1) be a resident of the state, as determined under (b) of this section;
(2) provide a reasonable amount of money from other nonstate sources for use on any project or enterprise for which money from a loan will be used; and
(3) if the requested loan amount is more than $35,000, provide to the department a document from a state financial institution stating that
(A) the applicant has been denied a loan for the same purpose; or
(B) a loan from the financial institution is contingent on the applicant also receiving a loan from the fund.
(b) To meet the residency requirements of (a) of this section, the applicant
(1) shall physically reside in this state and maintain a domicile in this state during the 12 consecutive months preceding the date of application for the program; and
(2) may not have
(A) declared or established residency in another state; or
(B) received residency or a benefit based on residency from another state.
Cite this article: FindLaw.com - Alaska Statutes Title 44. State Government § 44.33.960. Eligibility - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-44-state-government/ak-st-sect-44-33-960/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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