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For loans with maturities of 20 years or less, but more than 10 years, the rate may be reduced <br /> by one quarter of one percent below the 30-year rate for that category of lending. For loans with <br /> maturities of 10 years or less, the lending rate may be reduced by one half of one percent below <br /> the 30-year rate for that category. <br /> At its November 1994 meeting, based on an average 30-year T-Bond yield of 7.00% for the <br /> preceding 12 month period, the Board adopted the following interest rate policy for loans <br /> recommended to the General Assembly in 1995. <br /> • <br /> 30-Year Lending Rates for 1995 <br /> Type Low Medium High <br /> Municipal 4.00% 5.00% 5.50% <br /> ' Agricultural 4.00% <br /> Commercial 5.50% <br /> I <br /> At its November 1995 meeting, based on an average 30-year T-Bond yield of 7.25% for the <br /> preceding 12 month period, the Board adopted the following interest rate policy for loans <br /> recommended to the General Assembly in 1996. <br /> 1 30-Year Lending Rates for 1996 <br /> Type Low Standard High <br /> Municipal 4.25% 5.25% 5.75% <br /> Agricultural 4.25% <br /> Commercial • 5.75% <br /> 1 i <br /> 1 <br /> CWCB Annual Report, page 13 <br />