[Federal Register Volume 61, Number 79 (Tuesday, April 23, 1996)] [Notices] [Page 17936] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-9876] ======================================================================= ----------------------------------------------------------------------- SMALL BUSINESS ADMINISTRATION Interest Rates The Small Business Administration publishes an interest rate called the optional ``peg'' rate (13 CFR 122.8-4(d)) on a quarterly basis. This rate is a weighted average cost of money to the government for maturities similar to the average SBA direct loan. This rate may be used as a base rate for guaranteed fluctuating interest rate SBA loans. This rate will be 5\3/4\ percent for the April-June quarter of FY 96. Pursuant to 13 CFR 108.503-8(b)(4), the maximum legal interest rate for a commercial loan which funds any portion of the cost of a project (see 13 CFR 108.503-4) shall be the greater of 6% over the New York prime rate or the limitation established by the constitution or laws of a given State. The initial rate for a fixed rate loan shall be the legal rate for the term of the loan. John R. Cox, Associate Administrator for Financial Assistance. [FR Doc. 96-9876 Filed 4-22-96; 8:45 am] BILLING CODE 8025-01-M-