Home/U.S. Code/Title 30/Ch. SUBCHAPTER I—PROJECT LOANS/§ 1513
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Loan interest rates; repayment periods

30 U.S.C. § 1513
Title30 — Mineral Lands and Mining
ChapterSUBCHAPTER I—PROJECT LOANS

This text of 30 U.S.C. § 1513 (Loan interest rates; repayment periods) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
30 U.S.C. § 1513.

Text

(a)Each loan made under section 1511 of this title shall bear interest at a discount or interest rate equal to the rate in effect (at the time the loan is made) for water resources planning projects under section 80 of the Water Resources Development Act of 1974 (42 U.S.C. 1962(d)–17(a)).1
(b)Each such loan shall be for a term which the Secretary deems appropriate, except that no loan term shall exceed twenty years beyond the date on which production of energy or geothermal energy resources begins from the reservoir involved. If revenues are inadequate (as determined by the Secretary) to fully repay the principal and accrued interest within twenty years after production begins, any remaining unpaid amounts shall be forgiven.

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Related

§ 1511
30 U.S.C. § 1511
§ 80
30 U.S.C. § 80
§ 1962
42 U.S.C. § 1962

Source Credit

History

(Pub. L. 96–294, title VI, §613, June 30, 1980, 94 Stat. 764.)

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Bluebook (online)
30 U.S.C. § 1513, Counsel Stack Legal Research, https://law.counselstack.com/usc/30/1513.