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• • 6 <br /> Scope of Work <br /> Page 3 <br /> LOAN NUMBER <br /> Calculating Local Percentage: <br /> Notes: 1. Grant funds cannot be counted as local match. <br /> Calculate as follows: <br /> Total Local Revenue <br /> PWTF Loan+Total Local Revenue = Local Percentage 15 <br /> The local contribution must be at least: <br /> Five percent(5%) for a loan interest rate of 2% <br /> Ten percent(10%) for a loan interest rate of • 1% <br /> Fifteen percent(15%) for a loan interest rate of 0.5% <br /> 36 <br /> S:\MYun\WORD\PWTF2006\Scope_of_work2006 E W PC.d oc <br />