3 AAC 99.770 - Interest on guaranteed loans
(a) The maximum
interest rate on a loan which is guaranteed by the authority, shall be two and
three-quarters percentage points above the prime rate of interest as reported
in the current Wall Street Journal, on a freely floating basis.
(b) The maximum fixed rate of interest shall
be two and three quarters percentage points above the prime rate of interest as
reported in the current Wall Street Journal on the day of funding.
Notes
Authority:AS 44.88.080
AS 44.88.085
AS 44.88.550
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.