Alaska Administrative Code
Title 11 - Natural Resources
Part 4 - Agriculture
Chapter 39 - Agricultural Revolving Loan Fund
Article 1 - Powers and Duties
11 AAC 39.011 - Duties of the board
Universal Citation: 11 AK Admin Code 39.011
Current through August 30, 2024
(a) In exercising its duties, the board will encourage and promote the development of agriculture as an industry throughout the state. The duties of the board include
(1)
administration of the fund;
(2)
submission of the proposed fund budget to the commissioner;
(3) management and disposal of fund
assets;
(4) approval of loans,
installment contracts, land purchase agreements, easements, leases, permits,
and other contracts related to loans or assets of the fund; and
(5) referral of requests for legal action
related to the fund to the attorney general.
(b) At the direction of the board, the director shall conduct the following activities relating to the fund:
(1) provide administrative support for the
fund and the board;
(2) process
loan applications and other loan requests;
(3) receive, disburse, and audit money in the
fund;
(4) execute and service all
agreements and contracts;
(5)
receive, manage, and dispose of assets;
(6) provide independent financial and
management analyses;
(7) provide
information and services to the public.
Authority:AS 03.09.010
AS 03.09.020
AS 03.09.040
AS 03.10.020
AS 03.10.050
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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