Conn. Agencies Regs. § 10-287c-14 - Computation of grant estimates for projects submitted to the governor and general assembly (Reference: Section 10-283)

Current through March 4, 2022

(a) Grant estimates for projects other than limited eligible projects submitted to the Governor and General Assembly shall be determined by multiplying together the percentage as defined in sections 10-285a and 10-285b of the Connecticut General Statutes, with the total estimated costs of a project submitted to the department on the application for a proposed school building project.
(b) In computing interest grant estimates the department shall assume a twenty year bond issue and apply an average estimated bond interest rate based on market conditions as of July 1st of each year.

Notes

Conn. Agencies Regs. § 10-287c-14
Effective October 3, 1995

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