Alaska § 16.10.505 - Fisheries enhancement revolving loan fund.
Full text of Alaska Alaska Statutes § 16.10.505 — Fisheries enhancement revolving loan fund., with citation guidance and answers to common questions.
§ 16.10.505. Fisheries enhancement revolving loan fund.
(a) There is created within the Department of Commerce, Community, and Economic Development a revolving fund to be known as the fisheries enhancement revolving loan fund. Except as provided in (b) and (c) of this section, the fund shall be used to carry out the purposes of AS 16.10.500 — 16.10.560 and for no other purpose. All principal and interest payments, and money chargeable to principal or interest that is collected through liquidation by foreclosure or other process on loans made under AS 16.10.500 — 16.10.560, shall be paid into the fisheries enhancement revolving loan fund.
(b) Money in the fund may be used by the legislature to make appropriations for costs of administering AS 16.10.500 — 16.10.560.
(c) Money in the fund that the commissioner determines to be excess to that needed to carry out the purpose of AS 16.10.500 — 16.10.560 may be used to carry out the purpose of AS 16.10.300 — 16.10.370.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 16.10.505
What does Alaska Statutes § 16.10.505 cover?
Section 16.10.505 ("Fisheries enhancement revolving loan fund.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 16.10.505?
A common citation format is "Alaska Statutes § 16.10.505" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 16.10.505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.