7 CFR 3565.211
§ 3565.211 Interest credit.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 3565.211, § 3565.211 Interest credit, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30701
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Full text
(a) Limitation. For at least 20 percent of the loans made during each fiscal year, the Agency will provide assistance in the form of interest credit, to the extent necessary to reduce the agreed-upon rate of interest to the AFR as such term is used in section 42(I)(2)(D) of the Internal Revenue Code of 1986, 26 U.S.C. 7805, § 1.42-1T.
(b) Selection criteria. The Agency will select projects to receive interest credits using any of such criteria as the Agency may establish for priority projects as contained in subpart A of this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.