2018 Alaska Statutes
Title 16. Fish and Game
Chapter 10. Fisheries and Fishing Regulations
Article 14. Mariculture Revolving Loan Fund.
Sec. 16.10.905. Powers and duties of the department.
The department may
(1) make loans to eligible applicants under AS 16.10.890 — 16.10.945 for the planning, construction, and operation of a
(A) mariculture business;
(B) hatchery that artificially propagates marine aquatic plants or shellfish; or
(C) a shellfish enhancement project;
(2) receive, take, hold, and administer any appropriation, transfer, gift, grant, bequest, devise, or donation of money for the fund;
(3) establish amortization plans for repayment of loans, including extensions of the terms of loans;
(4) allow an assumption of a loan if
(A) the applicant meets the requirements established under this section; and
(B) approval of the assumption would be consistent with the purposes of AS 16.10.890 — 16.10.945;
(5) establish the rate of interest for loans consistent with law;
(6) charge and collect fees for services provided under AS 16.10.890 — 16.10.945;
(7) adopt regulations under AS 44.62 necessary to carry out the provisions of AS 16.10.890 — 16.10.945, including regulations to establish reasonable fees for services provided; and
(8) designate agents and delegate powers as necessary to the agents.
