Section 16.10.525. Repayment of principal and interest on loans.

Latest version.

The commissioner may not require the repayment of principal on a loan made under AS 16.10.510 for the initial period of the loan. Interest on the principal of a loan made under AS 16.10.510 does not accrue during the initial period of the loan. In this subsection, the "initial period of the loan" means a period of time determined by the commissioner that is not less than six years or more than 10 years from the date the loan is made.

Authorities

16.10.510

Notes

Implemented As

3 AAC 81.060

References

AS 16.10.510 Powers and duties of the commissioner.

History

(Sec. 7 ch 106 SLA 1980)

                    
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