Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 10 - Economic Development
Chapter 81 - Fisheries Enhancement Loans and Grants
3 AAC 81.900 - Definitions

(1) repealed 8/10/97;

(2) "default" includes a violation of any provision of AS 16.10.500 - 16.10.620 and this chapter, or the loan documents, failure to make the necessary payment within 15 days after it is due, or failure to maintain the insurance required by the department;

(3) "department" means the Department of Commerce, Community, and Economic Development;

(4) "wraparound financing" means a contract that includes the balance due on an existing debt and an additional amount to cover the difference between the selling price and the existing debt;

(5) "production level" means a level of broodstock development that will sustain brood stock and cost recovery needs without using more than 50 percent of the forecasted resource; and

(6) "director" means the director of the division assigned economic development functions or its successor agency in the department.