Section 3.99.770. Interest on guaranteed loans.

Latest version.

	(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.

Authorities

44.88.080;44.88.085;44.88.550

Notes

Authority
 AS 44.88.080  
AS 44.88.085  
AS 44.88.550  
History Eff. 8/1/88, Register 107; am 9/25/92, Register 124

                    
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