Effective July 1, 2026
11-15-10. Major metropolitan airport loan--Terms.
A loan made pursuant to § 11-15-9 must:
(1) Bear interest payable at the rate of two percent per year;
(2) Be unsecured;
(3) Require equal annual payments based on a twenty-year amortization;
(4) Require that the first payment be due one year from the date of the funding of the loan; and
(5) Be closed and funded on or before June 30, 2030.