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Code · Alaska · Title 44 · Chapter 88

Sec. 44.88.620. Disposal of property acquired by default or foreclosure.

81 words·~1 min read·/ak/title-44/chapter-88/44-88-620

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Sec. 44.88.620. Disposal of property acquired by default or foreclosure.
The authority shall dispose of property acquired through default or foreclosure of a loan made from the rural development initiative fund. Disposal shall be made in a competitive manner that serves the best interests of the state, and may include the amortization of payments over a period of years. Proceeds from the disposal of property under this section shall be deposited into the fund.
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