State Involvement

• DCED fully supported SB 387 which passed the House and Senate this legislative session pending signature from the Governor. The bill allows the Alaska Division of Investments to provide a loan program for CQE's to purchase halibut and sablefish IFQ's.

• The CQE Program is a federal program administered by NMFS, but the State will provide assistance to elibilble communities from three Divisions within the Department of Commerce, Community, and Economic Development:

• The Division of Banking, Securities, and Corporations will be able to answer questions regarding how to setup a non-profit corporation. The Division of Banking, Securities, and Corporations home page is: http://www.commerce.state.ak.us/bsc/home.htm
  
• The Division of Community Advocacy will be able to answer questions regarding sample by-laws and provide a non-profit corporation handbook with ideas regarding how to setup a non-profit corporation. The Division of Community Advocacy home page is: http://www.commerce.state.ak.us/dca/
  
• The Division of Investments will be able to provide loan applications and explain the application requirements to obtain financing for halibut and sablefish IFQ's. The Division of Investments home page is: http://www.commerce.state.ak.us/investments/index.cfml

• Eligible communities can contact DCED to schedule workshops regarding the CQE program.