Title 4 — SUPPLEMENTAL PROVISIONS›Chapter 50 — NONPROFIT PERFORMING ARTS LOAN PROGRAM
San Francisco Administrative Code § 50.23 Loan Fees and Interest Rates; Deferrals and Waivers
San Francisco Administrative Code · 2026-08 edition · updated 2026-10-19 · San Francisco
Cite as: San Francisco Administrative Code § 50.23 · Text as of 2026-10-19
A one percent loan fee on the principal of the loan shall be levied for all loans made under this Chapter. An interest rate of three percent simple interest shall also be levied by the Director.
In individual cases of documented hardship, the Director may either waive payment of the loan fee or defer it until the termination of the loan. The Director shall promulgate rules and regulations which shall be applied in making determinations of such waivers and deferrals.
(Added by Ord. 69-84, App. 2/15/84)
Get a plain-English answer with a citation back to this text.
Ask AI about this code