15 Alaska Admin. Code § 151.520

Current through December 21, 2024
Section 15 AAC 151.520 - Term of loans

The term of a loan under 15 AAC 151.500 may not exceed 30 years or the estimated useful life expectancy of the housing as determined by the Corporation, whichever is less. If a loan is directly funding the allowable costs of the construction, rehabilitation, or improvement of the housing, the term may not exceed 24 months.

15 AAC 151.520

Eff. 5/7/93, Register 130; am 8/3/94, Register 132

Authority:AS 18.56.088

AS 18.56.090

AS 18.56.099