260.120. Interest rate on loans. - Missouri Statutes

Interest rate on loans.

260.120. 1. The authority may set, from time to time, theinterest rates at which it shall make loans, keeping its interestrates at the lowest level consistent with its cost of operationand its responsibilities to the holders of its bonds, bondanticipation notes, and other responsibilities.

2. The ratio of loan to project cost and the amortizationperiod of loans made by the authority shall be determined inaccordance with regulations promulgated by the authority.

(L. 1982 S.B. 506)

Effective 4-30-82