43 C.F.R. § 1882.5-2   Interest rate.


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 1880—FINANCIAL ASSISTANCE, LOCAL GOVERNMENTS
Subpart 1882—Mineral Development Impact Relief Loans

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§ 1882.5-2   Interest rate.

Loans shall bear interest at a rate equivalent to the lowest interest rate paid on an issue of at least $1 million of bonds exempt from Federal taxes of the applicant State or any agency thereof within the calendar year immediately preceding the year of the loan. Proof of each rate shall be furnished by an applicant with its application.

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