Section 3 AAC 81.065 - Disbursement of loan moneyLoan money will be disbursed when
(1) a security interest in the collateral on behalf of the state has been perfected;(2) the borrower has complied with the insurance requirements contained in an instrument signed by the borrower;(3) requirements of the loan committee have been met; and(4) the borrower is in compliance with all other provisions of the loan documents and this chapter.Eff. 9/11/85, Register 95Authority:AS 16.10.510
AS 16.10.520