§ 2704. — Loan rates and repayment.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC2704]
TITLE 16--CONSERVATION
CHAPTER 47--SMALL HYDROELECTRIC POWER PROJECTS
Sec. 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).
(b) Repayments
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, Sec. 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.
