Alaska Statutes
Alaska Stat. § 45.98.010 (2026)
Creation of historical district revolving loan fund
✓ current as of July 2026
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Sec. 45.98.010. Creation of historical district revolving loan fund.
(a) There is created in the Department of Commerce, Community, and Economic Development a historical district revolving loan fund. All principal and interest payments, and money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under this chapter, shall be paid into the historical district revolving loan fund.
(b) Money in the fund may be used by the legislature to make appropriations for costs of administering this chapter.
(c) On June 30 of each fiscal year the unexpended and unobligated cash balance of the fund that is attributable to loans owned by the fund lapses into the general fund.
(a) There is created in the Department of Commerce, Community, and Economic Development a historical district revolving loan fund. All principal and interest payments, and money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under this chapter, shall be paid into the historical district revolving loan fund.
(b) Money in the fund may be used by the legislature to make appropriations for costs of administering this chapter.
(c) On June 30 of each fiscal year the unexpended and unobligated cash balance of the fund that is attributable to loans owned by the fund lapses into the general fund.
Notes of Decisions
Cited in 1
case, 1994–1994 · leading case: Hickel v. Cowper, 874 P.2d 922 (Alaska 1994).
Hickel v. Cowper, 874 P.2d 922 (Alaska 1994). “060 (small business revolving loan fund); AS 45.98.010 (historical district revolving loan fund).”
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