Alaska Statutes: AS 45.81.100. Creation of a Tourism Revolving Fund.

Alaska Statutes. Title 45. Trade and Commerce Chapter 81. Business Loan and Grant Programs Section 100. Creation of a Tourism Revolving Fund.

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AS 45.81.100. Creation of a Tourism Revolving Fund.

(a) There is created in the Department of Commerce, Community, and Economic Development a tourism revolving fund. All principal and interest payments, and money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under AS 45.81.100 - 45.81.190, shall be paid into the tourism revolving fund.
(b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 45.81.100 - 45.81.190.

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