Alaska Statutes: AS 16.10.905. Powers and Duties of the Department.

Alaska Statutes. Title 16. Fish and Game Chapter 10. Fisheries and Fishing Regulations Section 905. Powers and Duties of the Department.

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AS 16.10.905. Powers and Duties of the Department.

The department may
        (1) make loans to eligible applicants under AS 16.10.890 — 16.10.945 for the planning, construction, and operation of a
             (A) mariculture business;
             (B) hatchery that artificially propagates marine aquatic plants or shellfish; or
             (C) a shellfish enhancement project;
        (2) receive, take, hold, and administer any appropriation, transfer, gift, grant, bequest, devise, or donation of money for the fund;
        (3) establish amortization plans for repayment of loans, including extensions of the terms of loans;
        (4) allow an assumption of a loan if
             (A) the applicant meets the requirements established under this section; and
             (B) approval of the assumption would be consistent with the purposes of AS 16.10.890 — 16.10.945;
        (5) establish the rate of interest for loans consistent with law;
        (6) charge and collect fees for services provided under AS 16.10.890 — 16.10.945;
        (7) adopt regulations under AS 44.62 necessary to carry out the provisions of AS 16.10.890 — 16.10.945, including regulations to establish reasonable fees for services provided; and
        (8) designate agents and delegate powers as necessary to the agents.

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