In this article,
- (1) "department" means the Department of Commerce, Community, and Economic Development;
- (2) "director" means the director of the Alaska Division of Economic Development;
- (3) "wraparound financing" means a contract that includes the balance due on an existing debt and an additional amount to cover the difference between the selling price and the existing debt.
(Eff. 2/8/2001, Register 158; am 4/25/2013, Register 207)