§ 5-1.2-10-20 — Interest rates

(a) The authority shall establish the interest
rate or parameters for establishing the interest rate on each loan made
under this chapter, including parameters for establishing the amount of
interest subsidies.
(b) The authority, in setting the interest rate or parameters for
establishing the interest rate on each loan, may take into account the
following:
(1) Credit risk.
(2) Environmental, water quality, and health protection.
(3) Affordability.
(4) Other fiscal factors the authority considers relevant, including
the wastewater or drinking water program's cost of funds and
whether the financial assistance provided to a particular
participant is taxable or tax exempt under federal law.
Based on the factors set forth in subdivisions (1) through (4), more than
one (1) interest rate may be established and used for loans or other
financial assistance to different participants or for different loans or
other financial assistance to the same participants.

Legislative History

As added by P.L.189-2018, SEC.25.