AS 16.10.810: Eligibility.

(a) For an applicant to be eligible for a loan under AS 16.10.801 — 16.10.840, the applicant shall be a resident of the state, as determined under (c) of this section, and shall

(1) qualify for the purchase of a charter halibut permit under applicable law; or

(2) qualify as a transferee for a charter halibut permit under applicable law.

(b) In addition to the requirements set out in (a) of this section, the applicant must provide to the department a document from a state financial institution stating that

(1) the applicant has been denied a loan for the same purpose; or

(2) a loan from the financial institution is contingent on the applicant also receiving a loan from the fund.

(c) 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 24 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.