{"data":{"id":"us-ak/as-45.98.015","jurisdiction":"us-ak","citation":"AS 45.98.015","heading":"Special account established.","body":"(a) There is established as a special account within the historical district revolving loan fund the foreclosure expense account. This account is established as a reserve from fund equity.\n(b) The commissioner of commerce, community, and economic development may expend money credited to the foreclosure expense account when necessary to protect the state's security interest in collateral on loans made under this chapter, or to defray expenses incurred during foreclosure proceedings after a default by an obligor.","path":["Title 45. Trade and Commerce.","Chapter 98. Historical District Loan Act."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.98.015","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"cbdc3168e92902ffb2a30c48447a37fa3c9f8b4447b9b9fdb8010497857f0395","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.98.010","next":"us-ak/as-45.98.020"},"notice":"GroundRules: Original legal text. Not legal advice."}