30 U.S.C. § 1512 — Loan size limitation

FEDERAL · 30 U.S.C. · Chapter 27

Loan size limitation

Current through Pub. L. 119-102

Title 30 — Mineral Lands and Mining·Ch. 27 — GEOTHERMAL ENERGY·Subch. I

The amount of any loan made under section 1511(a) of this title with respect to a project described in that section shall not exceed 50 percent of the cost of such project; except that if the loan is made to a person proposing to make application of the resources of the reservoir involved primarily for space heating or cooling or process heat for one or more structures or facilities then existing or under construction, the loan may be in any amount up to 90 per centum of such cost. In any event no loan shall be made in an amount in excess of $3,000,000.

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The amount of any loan made under section 1511(a) of this title with respect to a project described in that section shall not exceed 50 percent of the cost of such project; except that if the loan is made to a person proposing to make application of the resources of the reservoir involved primarily for space heating or cooling or process heat for one or more structures or facilities then existing or under construction, the loan may be in any amount up to 90 per centum of such cost. In any event no loan shall be made in an amount in excess of $3,000,000.

30 U.S.C. § 1512 (Loan size limitation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 96–294, title VI, §612, June 30, 1980, 94 Stat. 764.)

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Source Credit

History