43-U.S.C.-618E
§618E – Interest Payments; Rate
Pathway
Title 43 > Chapter 12A > Subchapter II > Section 618e
Details
- Reference: Section 618e
- Legend: §618E – Interest Payments; Rate
- USCode Year: 2013
Provision Content
Whenever by the terms of the Project Act [43 U.S.C. 617 et seq.] or this subchapter payment of interest is provided for, and whenever interest shall enter into any computation thereunder, such interest shall be computed at the rate of 3 per centum per annum, compounded annually: Provided, That the respective rates of interest on appropriated funds advanced for the visitor facilities program, as described in section 619(a) of this title, shall be determined by the Secretary of the Treasury, taking into consideration average market yields on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the reimbursement period of the program during the month preceding the fiscal year in which the costs of the program are incurred. To the extent that more than one interest rate is determined pursuant to the preceding sentence, the Secretary of the Treasury shall establish for repayment purposes an interest rate at a weighted average of the rates so determined.
(July 19, 1940, ch. 643, §6, 54 Stat. 777; Pub. L. 98–381, title I, §104(a)(5), Aug. 17, 1984, 98 Stat. 1335.)
References in Text
The Project Act, referred to in text, is defined in section 618k of this title.
Amendments
1984—Pub. L. 98–381 inserted proviso relating to rates of interest on appropriated funds advanced for visitors’ facilities program.
U.S. Encyclopedia of Law Coverage
43-U.S.C.-I>. OFFICIALS OF RATIFYING STATES; AUTHORITY TO ACT IN ADVISORY CAPACITY; ACCESS TO RECORDS in the Legal Encyclopedia: Public Lands
In this entry about 43-U.S.C.-I>. OFFICIALS OF RATIFYING STATES; AUTHORITY TO ACT IN ADVISORY CAPACITY; ACCESS TO RECORDS, find legal reference material, bibliographies and premiere content related to public lands in the American Encyclopedia of Law, presenting a comprehensive view of the United States public lands-specific issues, written by authorities in the field.
43-U.S.C.-617S in the Legal Encyclopedia: Land
In this entry about 43-U.S.C.-617S, find legal reference material, bibliographies and premiere content related to land in the American Encyclopedia of Law, presenting a comprehensive view of the United States land-specific issues, written by authorities in the field.
43-U.S.C.-617N in the Legal Encyclopedia: Boulder Canyon Project
In this entry about 43-U.S.C.-617N, find legal reference material, bibliographies and premiere content related to boulder canyon project in the American Encyclopedia of Law, presenting a comprehensive view of the United States boulder canyon project-specific issues, written by authorities in the field.
Leave a Reply