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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 11. Natural Resources. |
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Part 11.1. Office of the Commissioner. |
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Chapter 11.39. Agricultural Revolving Loan Fund. |
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Article 11.39.1. Powers and Duties. |
Section 11.39.500. Agricultural disaster.
Latest version.
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(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.
Authorities
03.09.040;03.10.020;03.10.030;03.10.050