GroundRules
AS 44.88.550: Interest on guaranteed loan.
Where this section sits in the code
- Title 44. State Government.
- Chapter 88. Alaska Industrial Development and Export Authority.
- Article 6. Business and Export Assistance Program.
(a) The maximum interest rate that may be charged by a financial institution on a loan guaranteed by the authority is two and three-quarters percentage points above the prime rate.
(b) If provision is made in the loan guarantee agreement, the interest rate on a loan guaranteed by the authority may increase or decrease in accordance with the changes in the prime rate.
Collected 2026-09-02T06:19:34Z. Source file · JSON