N.H. Admin. Code § Env-Dw 1106.04 - Interest Rates Established

(a) The interest rate charged on disbursed funds prior to the scheduled completion date or substantial completion date shall be equal to one percent annually.

(b) The interest rate charged on disbursed funds during repayment of the loan shall be based on the repayment period selected by the applicant and the market rate in effect at the time the loan is made as shown in (c), below, subject to adjustment pursuant to Env-Dw 1106.06.

(c) The interest rate based on the repayment period selected by the applicant shall be as shown in table 1106-1, below:

Table 1106-1: Interest Rate Based On Repayment Period Selected by Applicant

Repayment Period Selected	Interest Rate
5 years	25% of market rate
10 years	50% of market rate
15 years	75% of market rate
20 years	80% of market rate
30 years,	available to disadvantaged communities only 80% of market rate

(d) The interest rate charged during repayment for projects funded over multiple years as provided in Env-Dw 1105.02(d) shall be the lowest rate in any of the DWSRF original loans or loan amendments for the project, calculated in accordance with (b) and (c), above, or the rate determined under Env-Dw 1106.06, whichever is lower.

Notes

N.H. Admin. Code § Env-Dw 1106.04

(See Revision Note at chapter heading for Env-Dw 1100) #8702, eff 8-24-06

Amended by Volume XXXV Number 06, Filed February 12, 2015 , Proposed by #10772, Effective 1/24/2015, Expires1/24/2025.