Alaska Statutes: AS 37.17.520. Use of Money in Alaska Bidco Fund.

Alaska Statutes. Title 37. Public Finance Chapter 17. Alaska Bidco Assistance Program Section 520. Use of Money in Alaska Bidco Fund.

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AS 37.17.520. Use of Money in Alaska Bidco Fund.

(a) From the money in the Alaska BIDCO fund, the department may make loans or other financial assistance, as authorized under AS 37.17.520 - 37.17.690, to assist in the formation, capitalization, and operation of corporations that are licensed under AS 10.13.
(b) The department may not authorize new financial assistance under AS 37.17.500 - 37.17.690 without the approval of the legislature.

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