SECTION .0800 - LOAN REPAYMENTS

15A NCAC 01N .0801       INTEREST RATES

The interest rate to be charged on loans under this Subchapter shall be set in each priority review period at the lesser of four percent per annum or one half the prevailing national market rate as derived from the Bond Buyer's 20-Bond Index in accordance with G.S. 159G-40.

History Note:        Authority G.S. 159G-22; 159G-35; 159G-44;

Temporary Adoption Eff. January 31, 1998;

Eff. April 1, 1999;

Amended Eff. February 1, 2008.