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24.2003 Dollar limit on loans.

Cite as [A.S.C.A. § 24.2003]

(a) No loan to any one person, together with the unpaid balance of any prior loan under this program, may exceed $5,000.

(b) The limitation in subsection (a) does not apply to loans granted by the Development Bank of American Samoa under 24.2009.

History: 1962, PL 7-24; 1965, PL 9-16; amd 1977, PL 15-26.

Amendments: 1977 Designed existing section as subsection (a) and added subsection (b).