Alaska § 44.33.960 - Eligibility.
Full text of Alaska Alaska Statutes § 44.33.960 — Eligibility., with citation guidance and answers to common questions.
§ 44.33.960. Eligibility.
(a) For an applicant to be eligible for a loan under AS 44.33.950 — 44.33.990, the applicant shall (1) be a resident of the state, as determined under (b) of this section;
(2) provide a reasonable amount of money from other nonstate sources for use on any project or enterprise for which money from a loan will be used; and
(3) if the requested loan amount is more than $35,000, provide to the department a document from a state financial institution stating that (A) the applicant has been denied a loan for the same purpose; or
(B) a loan from the financial institution is contingent on the applicant also receiving a loan from the fund.
(b) To meet the residency requirements of (a) of this section, the applicant (1) shall physically reside in this state and maintain a domicile in this state during the 12 consecutive months preceding the date of application for the program; and
(2) may not have (A) declared or established residency in another state; or
(B) received residency or a benefit based on residency from another state.
Frequently Asked Questions About Alaska § 44.33.960
What does Alaska Statutes § 44.33.960 cover?
Section 44.33.960 ("Eligibility.") 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 § 44.33.960?
A common citation format is "Alaska Statutes § 44.33.960" (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 § 44.33.960 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.