
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 43USC2213]

 
                         TITLE 43--PUBLIC LANDS
 
         CHAPTER 40--RECLAMATION STATES EMERGENCY DROUGHT RELIEF
 
                      SUBCHAPTER I--DROUGHT PROGRAM
 
Sec. 2213. Loans

    The Secretary of the Interior is authorized to make loans to water 
users for the purposes of undertaking construction, management, 
conservation activities, or the acquisition and transportation of water 
consistent with State law, that can be expected to have an effect in 
mitigating losses and damages, including those suffered by fish and 
wildlife, resulting from drought conditions. Such loans shall be made 
available under such terms and conditions as the Secretary deems 
appropriate: Provided, That the Secretary shall not approve any loan 
unless the applicant can demonstrate an ability to repay such loan 
within the term of the loan: Provided further, That for all loans 
approved by the Secretary under the authority of this section, the 
interest rate shall be the rate determined by the Secretary of the 
Treasury based on average market yields on outstanding marketable 
obligations of the United States with periods to maturity comparable to 
the repayment period of the loan. The repayment period for loans issued 
under this section shall not exceed fifteen years. The repayment period 
for such loans shall begin when the loan is executed. Sections 390cc(a) 
and 390tt of this title and sections 105 and 106 of Public Law 99-546 
shall not apply to any contract to repay such loan. The Secretary shall 
notify the Committee on Energy and Natural Resources of the Senate and 
the Committee on Natural Resources of the House of Representatives in 
writing of any loan which the Secretary intends to approve not less than 
thirty days prior to granting final approval.

(Pub. L. 102-250, title I, Sec. 103, Mar. 5, 1992, 106 Stat. 55; Pub. L. 
103-437, Sec. 16(a)(6), Nov. 2, 1994, 108 Stat. 4594.)

                       References in Text

    Sections 105 and 106 of Public Law 99-546, referred to in text, are 
sections 105 and 106 of Pub. L. 99-546, title I, Oct. 27, 1986, 100 
Stat. 3051, 3052, relating to the automatic adjustment of rates for 
contracts for delivery of water from the Central Valley project in 
California, and provisions of such contracts requiring repayment by 
project water contractors of any deficits in payments of operation and 
maintenance costs, respectively, and are not classified to the Code.


                               Amendments

    1994--Pub. L. 103-437 substituted ``Natural Resources'' for 
``Interior and Insular Affairs'' before ``of the House''.

                         Change of Name

    Committee on Natural Resources of House of Representatives treated 
as referring to Committee on Resources of House of Representatives by 
section 1(a) of Pub. L. 104-14, set out as a note preceding section 21 
of Title 2, The Congress.


                       Termination of Authorities

    For provisions directing that authorities established under this 
subchapter shall terminate ten years after Mar. 5, 1992, see section 
2214(c) of this title.
