Alaska § 42.45.260 - Bulk fuel loan account; loans.
Full text of Alaska Alaska Statutes § 42.45.260 — Bulk fuel loan account; loans., with citation guidance and answers to common questions.
§ 42.45.260. Bulk fuel loan account; loans.
(a) The bulk fuel loan account is established as a separate account within the fund. The division may make loans from the bulk fuel loan account as provided in AS 42.45.250 — 42.45.299.
(b) The division shall establish by regulation criteria under which communities or entities eligible under AS 42.45.250 (a) may obtain a bulk fuel loan. The criteria must require the division to consider the applicant's creditworthiness and repayment history and may require the consideration of other factors.
(c) The division shall evaluate each application for a bulk fuel loan and shall make findings if the application is denied.
(d) Loans made from the bulk fuel loan account to one borrower (1) may not exceed $1,500,000 or, if the borrower is a cooperative corporation organized under AS 10.15 or an electric cooperative organized under AS 10.25 and uses the loan to purchase bulk fuel on behalf of more than one community, may not exceed $1,500,000 multiplied by the number of communities on whose behalf the bulk fuel is to be purchased;
(2) shall be repaid within one year after the date of the loan disbursement; and
(3) may include additional terms and conditions required by the division.
(e) The division may contract with a private contractor to administer the loan account.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 42.45.260
What does Alaska Statutes § 42.45.260 cover?
Section 42.45.260 ("Bulk fuel loan account; loans.") 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 § 42.45.260?
A common citation format is "Alaska Statutes § 42.45.260" (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 § 42.45.260 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.