Section Env-Dw 1405.05 - Interest Rates Established(a) The interest rate charged on the outstanding balance of disbursed funds prior to the scheduled completion date or substantial completion date for a construction project or date of first repayment for costs of O&M shall be equal to 1.0% annually.(b) The interest rate charged on the outstanding balance of disbursed funds after the date of scheduled completion or substantial completion, whichever is earlier, for a construction project or date of first repayment for costs of O&M shall be the interest rate established pursuant to (c), below, that is in effect at the time the loan agreement is transmitted to the recipient pursuant to Env-Dw 1405.03(b) or Env-Dw 1405.04(c), as applicable.(c) The department shall establish the interest rates for all loans annually on the first Thursday in August based on the 11-Bond Index published the last week of July in The Bond Buyer, as provided by the New Hampshire treasury department.(d) Loans funded jointly with the drinking water state revolving fund (DWSRF) shall receive the DWSRF rate as set forth in Env-Dw 1100 et seq.(e) Provisions of federal law that apply when federal funding is received shall not apply to PFAS RLF construction projects unless the project receives federal funding from another source, such as from the DWSRF.N.H. Admin. Code § Env-Dw 1405.05
Derived from Volume XLI Number 6, Filed February 11, 2021, Proposed by #13164, Effective 1/26/2021, Expires 1/26/2031.