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15 chapters · 178 sections in this title.
A.S.C.A. § 24.2001 Authority to make loan
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(a) Within the limits of funds budgeted and appropriated for the purpose, and subject to such regulations as the Governor may prescribe, the Director of the Department of Agriculture is authorized to make agriculture crop loans in accordance with this chapter. (b) A loan shall be…
A.S.C.A. § 24.2002 Authorized loans
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A loan may be made to finance the cost of tools, machinery, materials, and labor for the planting of crops, including the clearing of land for crop production purposes, and for the construction of toolsheds, copra and cocoa driers and other buildings or structures needed for agri…
A.S.C.A. § 24.2003 Dollar limit on loans
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(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 …
A.S.C.A. § 24.2004 Interest rate
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Each loan shall bear interest at the rate of 4% per year unless a different rate is prescribed by the Governor. History: 1962, PL 7-24, 1965, PL 9-16.
