Title 16 — ConservationRelease 119-73
§2704 Loan rates and repayment
Title 16 › Chapter CHAPTER 47— - SMALL HYDROELECTRIC POWER PROJECTS › § 2704
Summary
Loans must use the interest rate then in effect for water-resources planning under 42 U.S.C. 1962d‑17. Terms can be up to 10 years (for loans under 2702) or up to 30 years (for loans under 2703). Repayments go to the U.S. Treasury as miscellaneous receipts.
Full Legal Text
Title 16, §2704
Conservation — Source: USLM XML via OLRC
(a)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)Amounts repaid on loans made pursuant to this chapter shall be deposited into the United States Treasury as miscellaneous receipts.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
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.
Reference
Citations & Metadata
Citation
16 U.S.C. § 2704
Title 16 — Conservation
Last Updated
Apr 6, 2026
Release point: 119-73