Sec. 45.88.025. Eligibility.
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/ak/title-45/chapter-88/45-88-025A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45.88.025. Eligibility.
To be eligible for a loan under AS 45.88.010 — 45.88.090, an applicant must
(1)physically reside in the state and maintain a domicile in the state during 12 consecutive months before the date of application for a loan and may not have
(A)declared or established residency in another state; or
(B)received residency or a benefit based on residency from another state;
(2)be at least 51 percent owned by individuals described in
(1)of this section if the applicant is a corporation, joint venture, or partnership; or
(3)be a nonprofit organization under AS 10.20 .