30-U.S.C.-1513

§1513 – Loan Interest Rates; Repayment Periods

Pathway

Title 30 > Chapter 27 > Subchapter I > Section 1513

Details

• Reference: Section 1513
• Legend: §1513 – Loan Interest Rates; Repayment Periods
• USCode Year: 2013

Provision Content

(a) Each loan made under section 1511 of this title shall bear interest at a discount or interest rate equal to the rate in effect (at the time the loan is made) for water resources planning projects under section 80 of the Water Resources Development Act of 1974 (42 U.S.C. 1962(d)–17(a)).

(b) Each such loan shall be for a term which the Secretary deems appropriate, except that no loan term shall exceed twenty years beyond the date on which production of energy or geothermal energy resources begins from the reservoir involved. If revenues are inadequate (as determined by the Secretary) to fully repay the principal and accrued interest within twenty years after production begins, any remaining unpaid amounts shall be forgiven.

(Pub. L. 96–294, title VI, §613, June 30, 1980, 94 Stat. 764.)

U.S. Encyclopedia of Law Coverage

30-U.S.C.-1470 in the Legal Encyclopedia: Mining

In this entry about 30-U.S.C.-1470, find legal reference material, bibliographies and premiere content related to mining in the American Encyclopedia of Law, presenting a comprehensive view of the United States mining-specific issues, written by authorities in the field.

30-U.S.C.-1143 in the Legal Encyclopedia: Loans

In this entry about 30-U.S.C.-1143, find legal reference material, bibliographies and premiere content related to loans in the American Encyclopedia of Law, presenting a comprehensive view of the United States loans-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 30 (Mineral Lands And Mining) guided by subject interests.