§ 2702. — Loans for feasibility studies.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC2702]
TITLE 16--CONSERVATION
CHAPTER 47--SMALL HYDROELECTRIC POWER PROJECTS
Sec. 2702. Loans for feasibility studies
(a) Loan authority
The Secretary, after consultation with the Commission, is authorized
to make a loan to any municipality, electric cooperative, industrial
development agency, nonprofit organization, or other person to assist
such person in defraying up to 90 percent of the costs of--
(1) studies to determine the feasibility of undertaking a small
hydroelectric power project at an existing dam or dams and
(2) preparing any application for a necessary license or other
Federal, State, and local approval respecting such a project at an
existing dam or dams and of participating in any administrative
proceeding regarding any such application.
(b) Cancellation
The Secretary may cancel the unpaid balance and any accrued interest
on any loan granted pursuant to this section if he determines on the
basis of the study that the small hydroelectric power project would not
be technically or economically feasible.
(Pub. L. 95-617, title IV, Sec. 402, Nov. 9, 1978, 92 Stat. 3154.)
References in Text
The Secretary, referred to in text, and the Commission, referred to
in subsec. (a), mean the Secretary of Energy and the Federal Energy
Regulatory Commission, respectively, see section 2602(3), (14) of this
title.
Section Referred to in Other Sections
This section is referred to in sections 2704, 2707 of this title;
title 42 section 7375.
