Alaska Administrative Code
Title 15 - Revenue
Chapter 155 - AHFC Energy Efficiency and Conservation Programs
Article 6 - Energy Efficiency Loan Program
15 AAC 155.625 - Fee schedule and commitment period

Universal Citation: 15 AK Admin Code 15 AAC 155.625

Current through August 30, 2024

(a) The Corporation will enter into a commitment agreement to make, participate in the making, purchase, or participate in the purchase of loans under 15 AAC 155.600. The maximum commitment period shall be 12 months.

(b) The Corporation will charge the following loan commitment fees at the time of loan closing by the borrower:

the first $1,000,000 .50 percent

the next $4,000,000 .375 percent

the next $10,000,000 .25 percent

the next $15,000,000 .125 percent

(c) The Corporation may permit an extension of the firm commitment for up to 180 days for good cause upon the receipt of one-half of one percent of the loan amount.

Even though the adoption of 15 AAC 155.625 was effective 7/14/2010, it was not published until Register 204, January 2013.

Authority:AS 18.56.088

AS 18.56.090

AS 18.56.855

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