33-U.S.C.-2216
§2216 – Rate of Interest
Pathway
Title 33 > Chapter 36 > Subchapter I > Section 2216
Details
- Reference: Section 2216
- Legend: §2216 – Rate of Interest
- USCode Year: 2013
Provision Content
Whenever a non-Federal interest is required or elects to repay an amount under this Act over a period of time, the amount to be repaid shall include interest at a rate determined by the Secretary of the Treasury, taking into consideration the average market yields on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the reimbursement period, during the month preceding the fiscal year in which costs for the construction of the project are first incurred (or in the case of recalculation the fiscal year in which the recalculation is made), plus a premium of one-eighth of one percentage point for transaction costs; except that such rates for hydroelectric power shall be in accordance with existing law.
(Pub. L. 99–662, title I, §106, Nov. 17, 1986, 100 Stat. 4089.)
References in Text
This Act, referred to in text, is Pub. L. 99–662, Nov. 17, 1986, 100 Stat. 4082, as amended, known as the Water Resources Development Act of 1986. For complete classification of this Act to the Code, see Short Title note set out under section 2201 of this title and Tables.
U.S. Encyclopedia of Law Coverage
Subchapter I – Cost Sharing in the Legal Encyclopedia: Waters
In this entry about Subchapter I – Cost Sharing, find legal reference material, bibliographies and premiere content related to waters in the American Encyclopedia of Law, presenting a comprehensive view of the United States waters-specific issues, written by authorities in the field.
33-U.S.C.-2211 in the Legal Encyclopedia: Water Resources Development
In this entry about 33-U.S.C.-2211, find legal reference material, bibliographies and premiere content related to water resources development in the American Encyclopedia of Law, presenting a comprehensive view of the United States water resources development-specific issues, written by authorities in the field.
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