Section 375.45 - Multi-year Commitments(a) Commitment periods may be set for a period of up to five years. The minimum interest rate reduction for multi-year commitments will be established for the five-year period based on the interest rate reduction prescribed in the IUP for the first year's commitment.(b) This option is only available for projects as described in the IUP.(c) Any entity receiving a multi-year commitment must annually re-confirm its anticipated funding commitments established with the initial commitment.31 Tex. Admin. Code § 375.45
Adopted by Texas Register, Volume 41, Number 27, July 1, 2016, TexReg 4858, eff. 7/4/2016; Amended by Texas Register, Volume 45, Number 23, June 5, 2020, TexReg 3872, eff. 6/10/2020