3 Alaska Admin. Code § 161.050

Current through October 17, 2024
Section 3 AAC 161.050 - Lending practices
(a) The division will fix a loan period based on the needs of the borrower. However, the borrower shall repay a loan not later than one year after the date of the disbursement.
(b) Proceeds of a bulk fuel loan may not be used to
(1) purchase fuel other than bulk fuels; or
(2) make a profit, unless the profit is used to purchase additional community fuel supplies.

3 AAC 161.050

Eff. 9/2/2008, Register 188; am 1/28/2009, Register 189; am 3/8/2013, Register 205; am 10/27/2018,Register 228, January 2019

Authority:AS 42.45.250

AS 42.45.260

AS 42.45.270