2016 US Code
Title 42 - The Public Health and Welfare
Chapter 24 - Disposal of Atomic Energy Communities
Subchapter V - Financing
Sec. 2365 - Amount of indemnity

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Citation 42 U.S.C. § 2365 (2016)
Section Name §2365. Amount of indemnity
Section Text

The indemnity obligation of the Commission specified in section 2363 of this title shall be for such amount, less the sales price of the property, as would have remained unpaid under a loan entered into on the date of the execution of the original deed by the Commission—

(1) which was in the amount of the purchase price from the Commission and provided for equal monthly payments of principal and interest over a period of twenty years computed on the basis of the average interest and other charges recorded for property of the same class at the community; and

(2) on which all payments due to the date when notice was received by the Commission had been made.

Source Credit

(Aug. 4, 1955, ch. 543, ch. 6, §65, 69 Stat. 479.)

Editorial Notes TRANSFER OF FUNCTIONS

Atomic Energy Commission abolished and functions transferred by sections 5814 and 5841 of this title. See also Transfer of Functions notes set out under those sections.

Publication Title United States Code, 2012 Edition, Supplement 4, Title 42 - THE PUBLIC HEALTH AND WELFARE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 42 - THE PUBLIC HEALTH AND WELFARE
CHAPTER 24 - DISPOSAL OF ATOMIC ENERGY COMMUNITIES
SUBCHAPTER V - FINANCING
Sec. 2365 - Amount of indemnity
Contains section 2365
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 69 Stat. 479
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