Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go,® the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 3 . Commerce, Community, and Economic Development
Chapter 154 . Small Municipality Energy Assistance Program
Section 20. Interest accrual on grant account balance

3 AAC 154.020. Interest accrual on grant account balance

(a) The interest for each grant account established under AS 37.06.010 (b) equals

(1) the balance in the grant account as of the close of the last day of the fiscal year for which the calculation is made; multiplied by,

(2) the annual percentage rate at which interest is received by other accounts in the state's general investment fund that receive interest during the fiscal year for which the calculation is made.

(b) Interest must be appropriated before it will be allocated to individual grant accounts by the department.

History: Eff. 8/19/93, Register 127; am 12/31/93, Register 128

Authority: AS 37.06.010

AS 37.06.080


Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006