GroundRules
7 CFR 1740.42: Interest rates.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XVII—RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE
- PART 1740—RURAL ECONNECTIVITY PROGRAM
- Subpart D—Award Terms
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.
Collected 2026-08-27T02:24:01Z. Source file · JSON