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AS 16.10.340

Commercial fishing revolving loan fund

Known as the Commercial Fishing Loan Act

The act spans §§ 16–16 (114 sections).

(a) There is a commercial fishing revolving loan fund to carry out the purpose of AS 16.10.300 — 16.10.370.

(b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 16.10.300 — 16.10.370.

(c) If the commissioner determines that the fund contains money that is excess to that needed to carry out the purpose of AS 16.10.300 — 16.10.370, then the commissioner may use the excess money to carry out the purpose of AS 16.10.500 — 16.10.560.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.