Sec. 42.45.250. Bulk fuel revolving loan fund.
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Sec. 42.45.250. Bulk fuel revolving loan fund.
(a)The bulk fuel revolving loan fund is established in the division to assist communities, utilities providing power in communities, and fuel retailers in communities in purchasing bulk fuel to generate power or supply the public with fuel for use in communities. A community, or a person generating power or selling fuel in a community or maintaining community facilities or infrastructure is eligible for a bulk fuel loan under AS 42.45.260 or a bulk fuel bridge loan under AS 42.45.270 to purchase bulk fuel to be used in the community.
(b)Money in the fund may be used by the legislature to make appropriations for costs of administering AS 42.45.250 — 42.45.299.
(c)[Repealed, § 2 ch 46 SLA 2012.]
(d)[Repealed, § 2 ch 46 SLA 2012.]
(e)[Repealed, § 2 ch 46 SLA 2012.]
(f)[Repealed, § 2 ch 46 SLA 2012.]
(g)[Repealed, § 2 ch 46 SLA 2012.]
(h)[Repealed, § 2 ch 46 SLA 2012.]
(i)[Repealed, § 2 ch 46 SLA 2012.]
(j)[Repealed, § 2 ch 46 SLA 2012.]
(k)[Repealed, § 2 ch 46 SLA 2012.]
(l)[Repealed, § 2 ch 46 SLA 2012.]
(m)[Repealed, § 2 ch 46 SLA 2012.]
(n)The fund consists of
(1)money appropriated to, transferred to, or received by gift, grant, devise, bequest, or donation to the fund;
(2)principal and interest payments or other income earned on loans or investments of the fund and appropriated to the fund.
(o)The fund is not a dedicated fund.
(p)The division shall establish and implement a technical assistance program for borrowers. Technical assistance shall be provided to borrowers who need assistance in applying for a loan or who have received a bulk fuel loan to help those borrowers improve creditworthiness or other financial criteria likely to be considered by the division if the borrower applies for another bulk fuel loan in the future. The division may contract with a state agency or private contractor to administer or implement the technical assistance program.