15-U.S.C.-636B
§636B – Disaster Loan Interest Rates
Pathway
Title 15 > Chapter 14A > Section 636b
Details
- Reference: Section 636b
- Legend: §636B – Disaster Loan Interest Rates
- USCode Year: 2013
Provision Content
Any loan made under section 636a of title 42 shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of ten to twelve years reduced by not to exceed 2 per centum per annum. In no event shall any loan made under this section bear interest at a rate in excess of 6 per centum per annum.
(Pub. L. 91–606, title II, §234, Dec. 31, 1970, 84 Stat. 1754.)
References in Text
Section 636a of this title, referred to in text, was repealed by Pub. L. 97–35, title XIX, §1917, Aug. 13, 1981, 95 Stat. 781.
Section 4452 of title 42, referred to in text, was repealed by Pub. L. 93–24, §7, Apr. 20, 1973, 87 Stat. 25.
Codification
Section was enacted as part of the Disaster Relief Act of 1970, and not as part of the Small Business Act which comprises this chapter. Section was formerly classified to section 4453 of Title 42, The Public Health and Welfare.
Effective Date
Section effective Dec. 31, 1970, see section 304 of Pub. L. 91–606, set out as an Effective Date of 1970 Amendment note under section 165 of Title 26, Internal Revenue Code.
U.S. Encyclopedia of Law Coverage
15-U.S.C.-636A in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-636A, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.
15-U.S.C.-634 in the Legal Encyclopedia: Business
In this entry about 15-U.S.C.-634, find legal reference material, bibliographies and premiere content related to business in the American Encyclopedia of Law, presenting a comprehensive view of the United States business-specific issues, written by authorities in the field.
Leave a Reply