For loans for which the average maturity exceeds 20 years,
the applicant must provide the following information:
(1) a schedule, prepared by the applicant's engineer,
which lists the major components of the project, the anticipated date
of placement into service of the components, the estimated useful
life, in years, of the components, and the average estimated useful
life of the project; and
(2) a certification by the applicant that the average
weighted maturity of the obligations does not exceed 120% of the average
estimated useful life of the project.
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| Source Note: The provisions of this §365.6 adopted to be effective January 1, 2002, 26 TexReg 11031; transferred effective February 15, 2020, as published in the January 24, 2020 issue of the Texas Register, 45 TexReg 593 |
