[Code of Federal Regulations]

[Title 49, Volume 4]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 49CFR260.9]



[Page 826]

 

                        TITLE 49--TRANSPORTATION

 

       CHAPTER II--FEDERAL RAILROAD ADMINISTRATION, DEPARTMENT OF 

                             TRANSPORTATION

 

PART 260_REGULATIONS GOVERNING LOANS AND LOAN GUARANTEES UNDER THE 

 

                           Subpart A_Overview

 

Sec.  260.9  Loan terms.



    The maximum repayment period for direct loans and guaranteed loans 

under this part is 25 years from the date of execution. The interest 

rate on direct loans will be equal to the rate on Treasury securities of 

a similar term. In general, the financial assistance provided will be 

required to be repaid prior to the end of the useful life of the project 

it is used to fund.