2018 US Code
Title 16 - Conservation
Chapter 47 - Small Hydroelectric Power Projects
Sec. 2704 - Loan rates and repayment
| 16 U.S.C. § 2704 (2018) |
| §2704. Loan rates and repayment |
|
(a) Interest
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). Amounts 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 TEXT
In 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. |
| United States Code, 2018 Edition, Title 16 - CONSERVATION |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 16 - CONSERVATION CHAPTER 47 - SMALL HYDROELECTRIC POWER PROJECTS Sec. 2704 - Loan rates and repayment |
| section 2704 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 92 Stat. 3155 |
| Public Law 95-617 |
