Section 10-287c-14 - Computation of grant estimates for projects submitted to the governor and general assembly (Reference: Section 10-283)(a) Grant estimates for projects other than limited eligible projects submitted to the Governor and General Assembly shall be determined by multiplying together the percentage as defined in sections 10-285a and 10-285b of the Connecticut General Statutes, with the total estimated costs of a project submitted to the department on the application for a proposed school building project.(b) In computing interest grant estimates the department shall assume a twenty year bond issue and apply an average estimated bond interest rate based on market conditions as of July 1st of each year.Conn. Agencies Regs. § 10-287c-14
Effective October 3, 1995