31 Tex. Admin. Code § 371.36 - Multi-Year Commitments
(a) Commitment
periods may be set for a period of up to five years. The minimum interest rate
reduction for multi-year commitments will be established for the five-year
period based on the interest rate reduction prescribed in the IUP for the first
year's commitment.
(b) This option
is only available for projects as described in the IUP.
(c) Any entity receiving a multi-year
commitment must annually re-confirm its anticipated funding commitments
established with the initial commitment.
Notes
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