16-U.S.C.-2702
§2702 – Loans For Feasibility Studies
Pathway
Title 16 > Chapter 47 > Section 2702
Details
- Reference: Section 2702
- Legend: §2702 – Loans For Feasibility Studies
- USCode Year: 2013
Provision Content
(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, §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.
U.S. Encyclopedia of Law Coverage
16-U.S.C.-2633 in the Legal Encyclopedia: Conservation
In this entry about 16-U.S.C.-2633, find legal reference material, bibliographies and premiere content related to conservation in the American Encyclopedia of Law, presenting a comprehensive view of the United States conservation-specific issues, written by authorities in the field.
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