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Alaska Statutes Title 45. Trade and Commerce § 45.88.010. Fund established

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) There is established in the Department of Commerce, Community, and Economic Development the alternative energy conservation revolving loan fund to carry out the purposes of AS 45.88.010--45.88.090. Loans made under AS 45.88.010--45.88.090 are to be used

(1) to develop means of energy production utilizing one or more alternative energy systems; and

(2) to purchase, construct, and install energy conservation improvements in commercial buildings.

(b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 45.88.010--45.88.090.

(c) Repealed by SLA 2010, ch. 83, § 38, eff. September 14, 2010.

(d) Notwithstanding any other provision in AS 45.88.010--45.88.090, a multifuel heating system that uses the combination of wood or fossil fuel for fuel does qualify under this loan fund.

(e) The alternative energy conservation revolving loan fund consists of

(1) money appropriated to the fund by the legislature;

(2) gifts, bequests, or contributions from other sources;

(3) principal and interest payments or other income earned on loans or investments in the fund; and

(4) money chargeable to principal or interest that is collected through liquidation by foreclosure or other processes on loans made under AS 45.88.010--45.88.090.

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Cite this article: FindLaw.com - Alaska Statutes Title 45. Trade and Commerce § 45.88.010. Fund established - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-45-trade-and-commerce/ak-st-sect-45-88-010/

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