(a) The authority may (1) accept United States Economic Development Administration revolving fund grants; (2) make loans to eligible applicants under the United States Economic Development Administration Long-Term Economic Deterioration (LTED) and Sudden and Severe Economic Dislocation (SSED) programs; (3) designate agents and delegate powers to them as necessary; (4) adopt regulations necessary to carry out its functions and to administer programs under United States Economic Development Administration guidelines, including regulations to establish reasonable fees for services provided; (5) establish amortization plans for the repayment of loans that may include extensions; and (6) charge and collect the fees established under this subsection. (b) [Repealed, § 28 ch 90 SLA 1991.]
Alaska Legal Code