7 CFR 1740.42
§ 1740.42 Interest rates.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1740.42, § 1740.42 Interest rates, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/27580
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.