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<br />I <br />I <br />I <br />I <br />r <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />, <br />I <br />, <br />I <br />I <br /> <br />For loans with maturities of 10 years or less, the lending rute may be reduced by one half <br />of one percent below [he 30-year r;lle for (hal calegory. <br /> <br />In November 1997. the Board changed the rate setting procedure to be based on the <br />average yield for (he 30-year "A" Municipal Bond for Ihe preceding I~ months. The <br />Board adoplcd the following interest rales for standard loans recommended 10 the <br />General Assembly in [he respective years of [he table. <br /> <br />T AIlLE II <br />C\VCB JO-Year Lending Ralt'S <br /> <br />- ..... -. , - .., , - . - <br />TyPe or Loan 1973-92 1993-95 1996 1997 1998 1999 <br />Agricuhural j.Ol>'l -I,lm ....:!5~ 3.75'l -I,()o'l 3.75% <br />~Iunil:ipal . Low 5.00<1 ..U)O'l ...1511 3.75"l .J.lX)% 3.75% <br />Municipal - Middle 5.lx}C} 5JX)'l- 5.25'l ..US'! 5.00% ....75% <br />J\tunicipill- High 5'<X)% 5.50% 5.75% 5.25"1- 5.75% 5.25% <br />Commercial 5.00% 5.501J 5.75'l- 5.:!5'l b.:!5% 5.75% <br /> <br />4.4 Loan Deposits <br /> <br />A tOlal of 57.15 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 interesl. <br />The following bar chan shows annual deposits from FY94 through FY99. <br /> <br />CWCB CONSTRUCTION FUND <br />ANNUAL LOAN REPA YMENTS <br /> <br /> 8 B1lnterest <br /> 7 <br /> 6 . PrinciRal . <br />c 5 4.10 4.27 <br />,g <br />- 4 <br />:E 3 2.38 <br /> 2 <br /> 1 <br /> 0 <br /> FY 94-95 FY 95-96 FY 96-97 FY 97-98 FY 98-99 <br /> <br /> <br />cwes FY99 Annual Repon. pa~e :!5 <br />