Section Env-Dw 1405.06 - Accrual of Interest Charges(a) Interest on any loan funds disbursed to the recipient shall begin to accrue on the date of each disbursement of such funds by the state.(b) The recipient shall pay interest charges incurred on disbursed funds by choosing to pay: (1) Prior to the commencement of the loan repayment;(2) At the time of the first repayment;(3) By adding the accrued interest to the outstanding principal balance, provided the resulting balance does not exceed the amount of the approved loan; or(4) A combination of (1) through (3), above.(c) The interest rate during loan repayment shall be fixed over the loan repayment period.N.H. Code Admin. R. Env-Dw 1405.06
Derived from Volume XLI Number 6, Filed February 11, 2021, Proposed by #13164, Effective 1/26/2021, Expires 1/26/2031.