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2018 Alaska Statutes
Title 44. State Government
Chapter 88. Alaska Industrial Development and Export Authority
Article 7. Rural Development Initiative Fund.
Sec. 44.88.620. Disposal of property acquired by default or foreclosure.
Universal Citation: AK Stat § 44.88.620 (2018)
The authority shall dispose of property acquired through default or foreclosure of a loan made from the rural development initiative fund. Disposal shall be made in a competitive manner that serves the best interests of the state, and may include the amortization of payments over a period of years. Proceeds from the disposal of property under this section shall be deposited into the fund.
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