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Effective October 01, 2008, the interest rates are:
Fund |
Rate |
Authority |
Alaska Capstone Avionics (Fixed at 4.0%) |
4.0% |
3 AAC 75.045(c) |
Commercial Fishing (Prime + 2%, not to exceed 10.5%) |
7.0% |
3 AAC 80.055(k) |
Engine Fuel Efficiency Upgrade (Prime - 2%, not to exceed 10.5%) |
3.0% |
3 AAC 80.055(k) |
Fisheries Enhancement (Prime + 1%, not to exceed 9.5%) |
6.0% |
3 AAC 81.055(k) |
Product Quality Improvement (Prime - 2%, not to exceed 10.5%) |
3.0% |
3 AAC 80.055(k) |
Rural Development Initiative Fund (Prime - 1%, not less than 6%) |
6.0% |
3 AAC 99.865 |
Small Business Economic Development (Prime - 4%, not less than 4%) |
4.0% |
Board Delegation |
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These rates stay in effect until changed, which will be no sooner
than January 01, 2009, at which time they will be re-evaluated and may change.
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