Alaska Administrative Code
Title 11 - Natural Resources
Part 4 - Agriculture
Chapter 39 - Agricultural Revolving Loan Fund
Article 4 - Loan Administration
11 AAC 39.500 - Agricultural disaster
Universal Citation: 11 AK Admin Code 39.500
Current through August 30, 2024
(a) The board may determine that a borrower has experienced an agricultural disaster or declare that an agricultural disaster has adversely affected an area or agricultural industry in the state.
(b) When the board determines that a borrower has experienced an agricultural disaster, or declares that an agricultural disaster has affected an area or agricultural industry in the state, the board will issue a written decision that
(1) describes the circumstances giving rise
to and the nature of the agricultural disaster;
(2) identifies the area, if any, in the state
affected by the agricultural disaster;
(3) identifies the agricultural industry, if
any, affected by the agricultural disaster;
(4) describes any pertinent loss of or damage
to property or agricultural production;
(5) describes the adverse financial effect of
the agricultural disaster on the borrower, the area, or the industry;
(6) identifies the type of loan eligible due
to the disaster for restructure or payment moratorium under this chapter;
and
(7) specifies the date by which
an application for restructuring under
As
03.10.033 or payment moratorium under
11 AAC 39.501 must be received by
the board.
Authority:AS 03.09.040
AS 03.10.020
AS 03.10.030
AS 03.10.050
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