Section 44.33.950 - Alaska microloan revolving loan fund(a) The Alaska microloan revolving loan fund is created in the Department of Commerce, Community, and Economic Development to carry out the purposes of AS 44.33.950 -44.33.990.(b) The Alaska microloan revolving loan fund consists of the following: (1) money appropriated to, transferred to, or received by gift, grant, devise, bequest, or donation to the fund;(2) principal and interest payments or other income earned on loans or investments of the fund;(3) money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under AS 44.33.950 -44.33.990.(c) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 44.33.950 - 44.33.990.Added by SLA 2012, ch. 58,sec. 13, eff. 6/7/2012.