§1740.42. Interest rates.
7 C.F.R. § 1740.42
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.
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.
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.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 1981(b)(4), 7 U.S.C. 901 et seq., 7 U.S.C. 950aaa et seq., and 7 U.S.C. 950cc.
Source
Source: 86 FR 11609, Feb. 26, 2021, unless otherwise noted.