Alaska § 16.10.805 - Powers and duties of the department.
Full text of Alaska Alaska Statutes § 16.10.805 — Powers and duties of the department., with citation guidance and answers to common questions.
§ 16.10.805. Powers and duties of the department.
The department may (1) make loans to eligible applicants under AS 16.10.801 — 16.10.840 (A) for the purchase of charter halibut permits;
(B) to refinance debt obligations made by other lenders more than 12 months before the department received the loan application and incurred by an applicant for the purchase of charter halibut fishing vessels or gear if the applicant otherwise qualifies for a loan under AS 16.10.801 — 16.10.840; the department may collect a refinancing loan origination charge as provided by regulation;
(2) receive, take, hold, and administer any appropriation, transfer, gift, grant, bequest, devise, or donation of money for the fund;
(3) establish amortization plans for repayment of loans, including extensions of the terms of loans;
(4) allow an assumption of a loan if (A) the applicant meets the requirements established under this section; and
(B) approval of the assumption would be consistent with the purposes of AS 16.10.801 — 16.10.840;
(5) establish the rate of interest for loans consistent with law;
(6) charge and collect fees for services provided under AS 16.10.801 — 16.10.840;
(7) adopt regulations under AS 44.62 necessary to carry out the provisions of AS 16.10.801 — 16.10.840, including regulations to establish reasonable fees for services provided; and
(8) designate agents and delegate powers as necessary to the agents.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 16.10.805
What does Alaska Statutes § 16.10.805 cover?
Section 16.10.805 ("Powers and duties of the department.") 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 § 16.10.805?
A common citation format is "Alaska Statutes § 16.10.805" (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 § 16.10.805 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.