(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; or
(iv) the purchase of livestock or machinery;
(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; or
(iv) the raising or care of animals in the state for the purpose of marketing their fur;
(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.
(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.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.