Section 365.440  Fixed Loan Rate

a)         The fixed loan rate is comprised of an interest rate and a loan support rate.  The fixed loan rate charged for a WPCLP loan shall be a simple annual rate at one-half the market interest rate.

b)         Notwithstanding subsection (a), for federal fiscal years 2010 and 2011 extending through and including September 30, 2011, the fixed loan rate charged for all loans from the WPCLP shall be a simple annual rate of 1.25%.

(Source:  Amended at 34 Ill. Reg. 17582, effective November 8, 2010)