Section 3.161.050. Lending practices.

Latest version.

	(a)  The division will fix a loan period based on the needs of the borrower. However, the borrower shall repay a loan not later than one year after the date of the disbursement.  
	(b)  Proceeds of a bulk fuel loan may not be used to  
		(1) purchase fuel other than bulk petroleum fuels; or  
		(2) make a profit, unless the profit is used to purchase additional community fuel supplies.

Authorities

42.45.250;42.45.260;42.45.270

Notes

Authority
 AS 42.45.250  
AS 42.45.260  
AS 42.45.270  
History Eff. 9/2/2008, Register 188; am 1/28/2009, Register 189; am 3/8/2013, Register 205

                    
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