Loan money will be disbursed when
- (1) a security interest in the collateral is perfected for the benefit of the rural development initiative fund;
- (2) requirements of the loan committee have been met;
- (3) the applicant is in compliance with all other provisions of the loan documents, AS 44.88.600 - AS 44.88.620, and 3 AAC 99.825 - 3 AAC 99.899; and
- (4) the applicant has paid all required costs and fees.
(Eff. 2/8/2001, Register 158)
Authority: AS 44.88.600, AS 44.88.610, AS 44.88.620