Code of Federal Regulations · Section
§ 1740.42 — Interest Rates
7 C.F.R. § 1740.42
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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.
(a) 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.
(b) 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.
Authorizing Statute
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Purpose7 U.S.C. § 950aaa
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Public notice, assessments, and reporting requirements7 U.S.C. § 950cc
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Short title7 U.S.C. § 901
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Farmers Home Administration7 U.S.C. § 1981