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I <br /> I For loans with maturities of 10 years or less, the lending rate may be reduced by one half <br /> of one percent below the 30-year rate for that category. <br /> I In November 1997, the Board changed the rate setting procedure to be based on the <br /> average yield for the 30-year "A" Municipal Bond for the preceding 12 months. The <br /> Board adopted the following interest rates for standard loans recommended to the <br /> IGeneral Assembly in the respective years of the table. <br /> TABLE 11 <br /> ICWCB 30-Year Lending Rates <br /> , 4 i L' 't 7 ar 1. ., - t y _{ --r 5 F 1:-. Sy q <br /> ype f Limn wi ;.- . �3-92 1993-95 ' r 1 1996 , ;� 497 1998:IV,, ;*"I'''''':,0 999 -1--,' <br /> t. k S J.r*<a. 15 s r _�.:, s.�,Ys <.. ,J,,,, { ..: a ,ti` :Y:,,C,.-, .441 A4,.- <br /> ' Agricultural 5.00% 4.00% 4.25% 3.75% 4.00% 3.75% <br /> Municipal-Low 5.00% 4.00% 4.25% 3.75% 4.00% 3.75% <br /> IMunicipal-Middle 5.00% 5.00% 5.25% 4.75% 5.00% 4.75% <br /> Municipal-High 5.00% 5.50% 5.75% 5.25% 5.75% 5.25% <br /> ICommercial 5.00% 5.50% 5.75% 5.25% 6.25% 5.75% <br /> I4.4 Loan Deposits <br /> I A total of$7.15 million was received in loan deposits in the calendar months of FY <br /> 99. Of this amount, $2.88 million was return of principal and $4.27 million was interest. <br /> The following bar chart shows annual deposits from FY94 through FY99. <br /> I CWCB CONSTRUCTION FUND <br /> i ANNUAL LOAN REPAYMENTS <br /> $ 1 ❑ Interest <br /> 7 � <br /> 6 ■ Princi•al <br /> 3:'7 4fi27- <br /> I c4 =410i r. 1 <br /> I2824oU. ■ -z:' -; ,•••,.,:',:,:Ns- • <br /> 3 4 � <br /> 21 I I I I I- . 1 <br /> I 1 I II III -- - - 1 <br /> I 0 <br /> FY 94-95 FY 95-96 FY 96-97 FY 97-98 FY 98-99 <br /> 1 <br /> CWCB FY99 Annual Report,page 25 <br /> I <br />