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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.78. Alternative Energy Loans. |
Section 3.78.066. Disbursement of loan money.
Latest version.
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Loan money will only be disbursed when (1) a security interest in the collateral on behalf of the state has been perfected; (2) the borrower has complied with the insurance requirements contained in an instrument signed by the borrower; (3) the requirements of the department as specified by the loan committee have been met; and (4) the borrower is in compliance with all other provisions of the loan documents, AS 45.88.010 - 45.88.090, and this chapter.