Sec. 16.10.810. Eligibility.

190 words·~1 min read·/ak/title-16/chapter-10/16-10-810

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)For an applicant to be eligible for a loan under AS 16.10.801 — 16.10.840, the applicant shall be a resident of the state, as determined under

(c)of this section, and shall

(1)qualify for the purchase of a charter halibut permit under applicable law; or

(2)qualify as a transferee for a charter halibut permit under applicable law.

(b)In addition to the requirements set out in

(a)of this section, the applicant must provide to the department a document from a state financial institution stating that

(1)the applicant has been denied a loan for the same purpose; or

(2)a loan from the financial institution is contingent on the applicant also receiving a loan from the fund.

(c)To meet the residency requirements of

(a)of this section, the applicant

(1)shall physically reside in this state and maintain a domicile in this state during the 24 consecutive months preceding the date of application for the program; and

(2)may not have

(A)declared or established residency in another state; or

(B)received residency or a benefit based on residency from another state.