7 C.F.R. § 1740.42

Current through May 31, 2024

Section 1740.42 - Interest rates

Interest rates for the different funding options that will become available will be included in the FEDERAL REGISTER as part of the funding announcement opening a funding window.

(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.

(b) The agency may offer 100 percent loans at a reduced interest rate, and in such cases, the applicable interest rate will be stated in the FEDERAL REGISTER or applicable funding opportunity notice.

7 C.F.R. §1740.42

86 FR 11609, 4/27/2021