The person securing a loan shall give his or her promissory note with interest to be established by the Board of Trustees of the University of Arkansas which shall be not less than four percent (4%) nor more than eight percent (8%) per annum.
Structure Arkansas Code
Subtitle 6 - Postsecondary Education — Financial Assistance Programs
Subchapter 4 - University of Arkansas Revolving Loan Fund
§ 6-81-401. Creation and purpose
§ 6-81-403. Board of Trustees to accept or reject applications
§ 6-81-404. Promissory note — Interest
§ 6-81-405. Maximum loan amount
§ 6-81-406. Rules as to repayment