
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 30USC1513]

 
                   TITLE 30--MINERAL LANDS AND MINING
 
                      CHAPTER 27--GEOTHERMAL ENERGY
 
                       SUBCHAPTER I--PROJECT LOANS
 
Sec. 1513. Loan interest rates; repayment periods

    (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)).\1\
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    \1\ So in original. Should be ``(42 U.S.C. 1962d-17(a)).''
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    (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, Sec. 613, June 30, 1980, 94 Stat. 764.)

                  Section Referred to in Other Sections

    This section is referred to in section 1511 of this title.
