Wis. Admin. Code Department of Natural Resources NR 162.48

Current through November 25, 2024

Section NR 162.48 - Termination

The department shall terminate the interest rate subsidy agreement if the recipient terminates its loan agreement with the BCPL or prepays all of the principal of the loan prior to the end of the term of the financial assistance agreement. No subsidy payment may be made for a year in which the loan is paid off early or the interest rate subsidy agreement is terminated early.

CR 03-027: cr. Register November 2003 No. 575, eff. 12-1-03.

Amended by, CR 14-043: cr. Register June 2015 No. 714, eff.7/1/2015.

Adopted by, CR 22-045: cr. Register October 2023 No. 814, eff. 11/1/2023