(a) Loan repayment shall be made according to a fixed amortization schedule based on:
- (1) The final project cost;
- (2) The repayment period selected by the loan recipient; and
- (3) The interest rate established in the supplemental agreement or allonge, as applicable.
- (b) Loan amortization shall be made on a semi-annual or annual basis with either level debt service, or level payments of principal plus interest according to RSA 33:2, at the option of the loan recipient, over the repayment period selected by the loan recipient.
Source. (See Revision Notes #1-#3 at chapter heading for Env-Wq 500) #10984, eff 12-1-15; ss by #13511, eff 12-20-22 (formerly Env-Wq 507.12)