
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC2704]

 
                         TITLE 16--CONSERVATION
 
             CHAPTER 47--SMALL HYDROELECTRIC POWER PROJECTS
 
Sec. 2704. Loan rates and repayment


(a) Interest

    Each loan made pursuant to this chapter shall bear interest at the 
discount or interest rate used at the time the loan is made for water 
resources planning projects under section 1962d-17 of title 42. Each 
such loan shall be for such term, as the Secretary deems appropriate, 
but not in excess of--
        (1) 10 years (in the case of a loan under section 2702 of this 
    title) or
        (2) 30 years (in the case of a loan under section 2703 of this 
    title).

(b) Repayments

    Amounts repaid on loans made pursuant to this chapter shall be 
deposited into the United States Treasury as miscellaneous receipts.

(Pub. L. 95-617, title IV, Sec. 404, Nov. 9, 1978, 92 Stat. 3155.)

                       References in Text

    In subsec. (a), ``section 1962d-17 of title 42'' was in the original 
``section 80 of the Water Resources Development Act of 1974 (42 U.S.C. 
1962-17(a))''.
    The Secretary, referred to in subsec. (a), means the Secretary of 
Energy, see section 2602(14) of this title.
