A. Interest should be charged in all cases.

B. The interest rate should be fixed for the term of the loan at the current Local Government Investment Pool (LGIP) rate, as published by the Washington State Treasurer's Office, plus 1 percent. If the LGIP rate is not available or deemed inappropriate to use, the rate should be set for the term of the loan at a rate no higher than an external rate available to Pierce County. The basis for the rate should be clearly stated in the Ordinance.