TITLE 40
Human services

CHAPTER 40-14
Equipment Loan Fund for People with Disabilities

SECTION 40-14-7


§ 40-14-7 Interest rates.

Interest rates for loans from the fund shall be established by the director; provided, however, that those rates shall be substantially lower than the prevailing rate of interest in this state for comparable loans, and shall not exceed five percent (5%). The term of the loan shall not exceed ten (10) years.

History of Section.
(P.L. 1988, ch. 611, § 1.)