The commissioner may not require the repayment of principal on a loan made under AS 16.10.510 for the initial period of the loan. Interest on the principal of a loan made under AS 16.10.510 does not accrue during the initial period of the loan. In this subsection, the 'initial period of the loan' means a period of time determined by the commissioner that is not less than six years or more than 10 years from the date the loan is made.
Alaska Legal Code