2002 U.S. Code
Title 33 - NAVIGATION AND NAVIGABLE WATERS
CHAPTER 36 - WATER RESOURCES DEVELOPMENT
SUBCHAPTER I - COST SHARING
Sec. 2216 - Rate of interest
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 2, Title 33 - NAVIGATION AND NAVIGABLE WATERS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 33 - NAVIGATION AND NAVIGABLE WATERS CHAPTER 36 - WATER RESOURCES DEVELOPMENT SUBCHAPTER I - COST SHARING Sec. 2216 - Rate of interest |
| Contains | section 2216 |
| Date | 2002 |
| Laws in Effect as of Date | January 6, 2003 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 99-662, title I, §106, Nov. 17, 1986, 100 Stat. 4089. |
| Statutes at Large References | 100 Stat. 4089, 4082 |
| Public Law References | Public Law 99-662 |
§2216. Rate of interest
Whenever a non-Federal interest is required or elects to repay an amount under this Act over a period of time, the amount to be repaid shall include interest at a rate determined by the Secretary of the Treasury, taking into consideration the average market yields on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the reimbursement period, during the month preceding the fiscal year in which costs for the construction of the project are first incurred (or in the case of recalculation the fiscal year in which the recalculation is made), plus a premium of one-eighth of one percentage point for transaction costs; except that such rates for hydroelectric power shall be in accordance with existing law.
(Pub. L. 99–662, title I, §106, Nov. 17, 1986, 100 Stat. 4089.)
References in TextThis Act, referred to in text, is Pub. L. 99–662, Nov. 17, 1986, 100 Stat. 4082, as amended, known as the Water Resources Development Act of 1986. For complete classification of this Act to the Code, see Short Title note set out under section 2201 of this title and Tables.
Section Referred to in Other SectionsThis section is referred to in sections 2211, 2213 of this title.
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