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Title 15 . Revenue
Chapter 151 . (Repealed)
Section 520. Term of loans

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.

History: 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

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Last modified 7/05/2006