2014 US Code
Title 16 - Conservation (Sections 1 - 7304)
Chapter 47 - Small Hydroelectric Power Projects (Sections 2701 - 2708)
Sec. 2704 - Loan rates and repayment
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 16 - CONSERVATION |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 16 - CONSERVATION CHAPTER 47 - SMALL HYDROELECTRIC POWER PROJECTS Sec. 2704 - Loan rates and repayment |
| Contains | section 2704 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 95-617, title IV, §404, Nov. 9, 1978, 92 Stat. 3155. |
| Statutes at Large Reference | 92 Stat. 3155 |
| Public and Private Law | Public Law 95-617 |
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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) RepaymentsAmounts repaid on loans made pursuant to this chapter shall be deposited into the United States Treasury as miscellaneous receipts.
(Pub. L. 95–617, title IV, §404, Nov. 9, 1978, 92 Stat. 3155.)
REFERENCES IN TEXTIn 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.
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