{"data":{"id":"us-ak/as-44.33.960","jurisdiction":"us-ak","citation":"AS 44.33.960","heading":"Eligibility.","body":"(a) For an applicant to be eligible for a loan under AS 44.33.950 — 44.33.990, the applicant shall\n(1) be a resident of the state, as determined under (b) of this section;\n(2) provide a reasonable amount of money from other nonstate sources for use on any project or enterprise for which money from a loan will be used; and\n(3) if the requested loan amount is more than $35,000, provide to the department a document from a state financial institution stating that\n(A) the applicant has been denied a loan for the same purpose; or\n(B) a loan from the financial institution is contingent on the applicant also receiving a loan from the fund.\n(b) To meet the residency requirements of (a) of this section, the applicant\n(1) shall physically reside in this state and maintain a domicile in this state during the 12 consecutive months preceding the date of application for the program; and\n(2) may not have\n(A) declared or established residency in another state; or\n(B) received residency or a benefit based on residency from another state.","path":["Title 44. State Government.","Chapter 33. Department of Commerce, Community, and Economic Development.","Article 17. Alaska Microloan Revolving Loan Fund."],"source_url":"https://www.akleg.gov/basis/statutes.asp#44.33.960","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:34Z","sha256":"406b1a30af385582ba0616824c0e9bd6e07e4feb5e3d1f1bf9e91d5d90e42d7f","source_id":"us-ak","stale":false,"prev":"us-ak/as-44.33.955","next":"us-ak/as-44.33.965"},"notice":"GroundRules: Original legal text. Not legal advice."}