Section 44.88.545. Limitations of guarantees with respect to borrowers.

Latest version.

The authority may not provide a guarantee
        (1) of more than $1,000,000;
        (2) to an individual borrower that cumulatively, with the outstanding principal balance of other authority guaranteed indebtedness of that borrower, exceeds $1,000,000.

Notes

Implemented As

3 AAC 99.730

History

(Sec. 2 ch 162 SLA 1988; am Sec. 19 ch 123 SLA 1990; am Sec. 16 ch 109 SLA 1998)

                    
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