{"data":{"id":"us/7-cfr-1740.42","jurisdiction":"us","citation":"7 CFR 1740.42","heading":"Interest rates.","body":"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.\n(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.\n(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.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"86f2d8c73d27ddd02de7cfd5aa76968cf8a9b4a89087a264de385e74ed7265be","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1740.29-1740.41","next":"us/7-cfr-1740.43"},"notice":"GroundRules: Original legal text. Not legal advice."}