8 Va. Admin. Code § 20-100-150

Current through Register Vol. 41, No. 3, September 23, 2024

Section 8VAC20-100-150 - Fixed rate

The board reserves its option under § 22.1-150 of the Code of Virginia to fix the actual rate for a Literary Loan, on the date funds for the Literary Loan are approved for release, at one percentage point above or below the rate applicable on the date the application was placed on the waiting list.

Derived from VR270-01-0009 § 6.3, eff. March 30, 1988; amended, Virginia Register Volume 11, Issue 10, eff. March 8, 1995.

Statutory Authority

Article VIII, §8 of the Constitution of Virginia; §§ 22.1-140 and 22.1-142 et seq. of the Code of Virginia.