(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 (b) [Repealed, § 84 ch 58 SLA 1999.]
Alaska Legal Code