Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 10 - Economic Development
Chapter 74 - Alaska Microloan Revolving Loan Fund
3 AAC 74.070 - Modifications

(a) A request for a modification to a loan made under AS 44.33.950-44.33.990 and this chapter will be processed in the same manner as an application for a loan. The department will require the applicant to file one or more of the items specified in 3 AAC 74.010 if information on those items has changed since they were previously filed, or if the department needs additional information not appearing in the previously filed items in order to review the request for modification.

(b) A loan committee may permit a loan modification only if the security of the state and the state's investment is preserved.