NDAC 33.1-35-01-18
Interest rate determination
Cite as N.D. Admin. Code § 33.1-35-01-18
The interest rate on a loan will be determined by the department with consultation from the financial
agent and must be based on the combined costs related to the total financial state revolving fund loan
package. The interest rates on individual loans may vary; however, the rate will not exceed the interest
rate generally available for a comparable financing at the time the rate is established.