Sec. 45.81.120. Powers of the Department of Commerce, Community, and Economic Development.
96 words·~1 min read·
/ak/title-45/chapter-81/45-81-120A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45.81.120. Powers of the Department of Commerce, Community, and Economic Development.
(a)The department may
(1)make loans to a business directly involved in the tourist industry;
(2)designate agents and delegate powers to them as is necessary;
(3)adopt regulations necessary to carry out its functions, including regulations to establish reasonable fees for services provided and charges for collecting the fees;
(4)establish amortization plans for the repayment of loans not to exceed 20 years;
(5)collect the fees and collection charges established under this subsection.
(b)[Repealed, § 84 ch 58 SLA 1999.]