Alaska § 03.10.020 - Powers of the board.

§ 03.10.020. Powers of the board.

 (a) The Board of Agriculture and Conservation ( AS 03.09.010 ) may        (1) make a loan to             (A) an individual resident farmer, homesteader, or a partnership or corporation composed of farmers and homesteaders for                  (i) clearing land for agricultural purposes;

 (ii) development of farms;

 (iii) storage and processing of farm produce;

 (iv) the purchase of livestock or machinery;

 (v) in-state manufacturing of food or production of animal feed; or

 (vi) the cost of shipping to and within the state for the purposes listed in (i) — (v) of this subparagraph;

 (B) an individual state resident, or a partnership or corporation for                  (i) storage and processing plants for agricultural products;

 (ii) the commercial production or processing of horticultural products in the state;

 (iii) the commercial production or processing of animal feed in the state;

 (iv) the raising or care of animals in the state for the purpose of marketing their fur;

 (v) in-state manufacturing of food or production of animal feed; or

 (vi) the cost of shipping to and within the state for the purposes listed in (i) — (v) of this subparagraph;

 (2) designate agents and delegate its powers to them as 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 repayment of loans, which may include delayed payments of principal and interest for not to exceed five years;

 (5) enter into agreements with private lending institutions, other state agencies, or agencies of the federal government to carry out the purposes of this chapter;

 (6) collect the fees and collection charges established under this subsection;

 (7) refinance a debt obligation incurred by a borrower under this section or through another lender for a purpose authorized under (1) of this subsection if the borrower otherwise qualifies for a loan under this chapter.

 (b) In this section, “horticultural products” means vegetables, fruit plants, grass seed, sod, tree seedlings, ornamental plants, foliage, or flowering plants, grown in a greenhouse or nursery.