Interest
section 1962d–17 of title 42Each 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 . Each such loan shall be for such term, as the Secretary deems appropriate, but not in excess of—
section 2702 of this title 10 years (in the case of a loan under ) or
section 2703 of this title 30 years (in the case of a loan under ).
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, § 40492 Stat. 3155(, , .)
Editorial Notes
References in Text
section 1962d–17 of title 4242 U.S.C. 1962–17(a)In subsec. (a), “” was in the original “section 80 of the Water Resources Development Act of 1974 ()”.
section 2602(14) of this titleThe Secretary, referred to in subsec. (a), means the Secretary of Energy, see .