Home/U.S. Code/Title 16/Ch. 47/§ 2704
FEDERAL · 16 U.S.C. · Chapter 47

Loan rates and repayment

Current through Pub. L. 119-102
Title 16 — Conservation·Ch. 47 — SMALL HYDROELECTRIC POWER PROJECTS
(a)Interest Each loan made pursuant to this chapter shall bear interest at the discount or interest rate used at the time the loan is made for water resources planning projects under section 1962d–17 of title 42. Each such loan shall be for such term, as the Secretary deems appropriate, but not in excess of—
(1)10 years (in the case of a loan under section 2702 of this title) or
(2)30 years (in the case of a loan under section 2703 of this title).
(b)Repayments Amounts repaid on loans made pursuant to this chapter shall be deposited into the United States Treasury as miscellaneous receipts.

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Related

§ 1962d
42 U.S.C. § 1962d
§ 2702
16 U.S.C. § 2702
§ 2703
16 U.S.C. § 2703

Source Credit

History

(Pub. L. 95–617, title IV, §404, Nov. 9, 1978, 92 Stat. 3155.)

Editorial Notes

Editorial Notes

References in Text
In subsec. (a), "section 1962d–17 of title 42" was in the original "section 80 of the Water Resources Development Act of 1974 (42 U.S.C. 1962–17(a))".
The Secretary, referred to in subsec. (a), means the Secretary of Energy, see section 2602(14) of this title.