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- Alaska Statutes.
- Title 3. Agriculture and Animals
- Chapter 10. Alaska Agricultural Loan Act
- Section 20. Powers of the Board.
previous: Section 10
. Declaration of Policy.
next: Section 30
. Limitations On Loans.
AS 03.10.020. Powers of the Board.
- (a) The Board of Agriculture and Conservation (AS 03.09.010
- (1) make a loan to
- (A) an individual resident farmer, homesteader, or a partnership or corporation composed of farmers and homesteaders for
- (i) clearing land for agricultural purposes;
- (ii) development of farms;
- (iii) storage and processing of farm produce; or
- (iv) the purchase of livestock or machinery;
- (B) an individual state resident, or a partnership or corporation for
- (i) storage and processing plants for agricultural products;
- (ii) the commercial production or processing of horticultural products in the state;
- (iii) the commercial production or processing of animal feed in the state; or
- (iv) the raising or care of animals in the state for the purpose of marketing their fur;
- (2) designate agents and delegate its powers to them as necessary;
- (3) adopt regulations necessary to carry out its functions, including regulations to establish reasonable fees for
services provided and charges for collecting the fees;
- (4) establish amortization plans for repayment of loans, which may include delayed payments of principal and interest for
not to exceed five years;
- (5) enter into agreements with private lending institutions, other state agencies or agencies of the federal government,
to carry out the purposes of this chapter;
- (6) collect the fees and collection charges established under this subsection.
- (b) In this section "horticultural products" means vegetables, fruit plants, grass seed, sod, tree seedlings, ornamental
plants, foliage, or flowering plants, grown in a greenhouse or nursery.
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