Section 16.10.342 - Special account established(a) There is established as a special account within the commercial fishing revolving loan fund the foreclosure expense account.(b)[Repealed, Sec. 72 ch 113 SLA 1982].(c) The commissioner may expend money credited to the foreclosure expense account when necessary to protect the state's security interest in collateral on loans granted under AS 16.10.300 - 16.10.370 or to defray expenses incurred during foreclosure proceedings after a default by an obligor.Amended by SLA 2012, ch. 58,sec. 8, eff. 6/30/2017.Amended by SLA 2012, ch. 58,sec. 7, eff. 6/7/2012.