2019 US Code
Title 43 - Public Lands
Chapter 12A - Boulder Canyon Project
Subchapter II - Boulder Canyon Project Adjustment Act
Sec. 618e - Interest payments; rate
| 43 U.S.C. § 618e (2019) |
| §618e. Interest payments; rate |
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Whenever by the terms of the Project Act [43 U.S.C. 617 et seq.] or this subchapter payment of interest is provided for, and whenever interest shall enter into any computation thereunder, such interest shall be computed at the rate of 3 per centum per annum, compounded annually: Provided, That the respective rates of interest on appropriated funds advanced for the visitor facilities program, as described in section 619(a) of this title, shall be determined by the Secretary of the Treasury, taking into consideration average market yields on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the reimbursement period of the program during the month preceding the fiscal year in which the costs of the program are incurred. To the extent that more than one interest rate is determined pursuant to the preceding sentence, the Secretary of the Treasury shall establish for repayment purposes an interest rate at a weighted average of the rates so determined. |
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(July 19, 1940, ch. 643, §6, 54 Stat. 777; Pub. L. 98–381, title I, §104(a)(5), Aug. 17, 1984, 98 Stat. 1335.) |
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REFERENCES IN TEXT
The Project Act, referred to in text, is defined in section 618k of this title. AMENDMENTS1984—Pub. L. 98–381 inserted proviso relating to rates of interest on appropriated funds advanced for visitors' facilities program. |
| United States Code, 2018 Edition, Supplement 1, Title 43 - PUBLIC LANDS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 43 - PUBLIC LANDS CHAPTER 12A - BOULDER CANYON PROJECT SUBCHAPTER II - BOULDER CANYON PROJECT ADJUSTMENT ACT Sec. 618e - Interest payments; rate |
| section 618e |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 54 Stat. 777 98 Stat. 1335 |
| Public Law 98-381 |
