§ 1738.152 - Interest rates.

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§ 1738.152 Interest rates.
(a) Direct cost-of-money loans shall bear interest at a rate equal to the cost of borrowing to the Department of Treasury for obligations of comparable maturity unless the project qualifies for a reduced interest rate as detailed in § 1738.102. The applicable interest rate will be set at the time of each advance.
(b) [Reserved] The interest rate for Applicants receiving payment assistance or Substantially Underserved Trust Areas (SUTA) consideration will be set at the time of the Award.

                    
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§ 1738.152 - Interest rates.

§ 1738.152 Interest rates.