Loans will not be made for the following purposes:
- (1) boats;
- (2) airplanes;
- (3) automobiles and trucks, except specialized vehicles not readily convertible to personal or non-agricultural use;
- (4) silviculture projects, except for horticultural purposes;
- (5) boarding stables and arenas;
- (6) riding academies and schools;
- (7) establishments that only resell rather than produce, process, or add value to agricultural products;
- (8) residential improvements.
(Eff. 12/11/84, Register 92; am 10/27/2002, Register 164)
Authority: AS 03.09.040, AS 03.10.020, AS 03.10.030, AS 03.10.050