Section Env-Dw 1106.06 - Adjustment to Stipulated Interest Rate(a) The department shall review the interest rate stipulated in the original loan agreement at the completion of the project, prior to establishing the final repayment schedule in the supplemental loan agreement.(b) If the market rate established pursuant to Env-Dw 1106.03 is lower than the market rate used to establish the interest rate in the original loan agreement, the loan interest rate shall be adjusted downward from the initial rate as specified in table 1106-1, using the market rate on the execution date of the supplemental agreement.(c) If the market rate established pursuant to Env-Dw 1106.03 is higher than the market rate used to establish the interest rate in the original loan agreement, the loan interest rate shall be the rate stipulated in the original loan agreement.N.H. Code Admin. R. Env-Dw 1106.06
(See Revision Note at chapter heading for Env-Dw 1100) #8702, eff 8-24-06
Amended by Volume XXXV Number 06, Filed February 12, 2015 , Proposed by #10772, Effective 1/24/2015, Expires1/24/2025.