Power Project Loan Fund
PPF Loan Program Fact Sheet
Provides loans to local utilities, local governments or independent power producers for the development or upgrade of power facilities, including conservation, heat recovery and bulk fuel storage. Loan term is related to the life of the project. Interest rates are between tax-exempt rates at the high end and zero on the low end.
Updated PPF regulations went into effect on April 8, 2015. The new regulations require more clarifications from the applicant for the terms of the loan based on their specific needs. Also, loan applications now must include an application fee according to the following table:
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Loan Amount Requested
|
Application Fee
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| Up to and including $100,000
|
$200.00
|
|
>$100,000 up to and including $500,000
|
$1,000
|
|
>$500,000 up to and including $1 million
|
$2,000
|
|
>$1 million
|
$5,000
|
PPF Loan Application Instructions
Statutes
Regulations 3 AAC 106.100
New Regulations Changes April 8, 2015
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