Section 44.33.970 - Special account established(a) The foreclosure expense account is established as a special account in the Alaska microloan revolving loan fund.(b) The department 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 44.33.960 or to defray expenses incurred during foreclosure proceedings after an obligor defaults.Added by SLA 2012, ch. 58,sec. 13, eff. 6/7/2012.