Title 42, The Public Health and WelfareRelease 119-102
§2365 Amount of Indemnity
Title 42 › CHAPTER 24 — DISPOSAL OF ATOMIC ENERGY COMMUNITIES › SUBCHAPTER V — FINANCING › § 2365
Summary
The Commission must pay an amount equal to what would still be unpaid on a hypothetical loan, minus the property's sales price. That loan is for the Commission’s purchase price, has equal monthly principal-and-interest payments over 20 years using the community’s average interest and fees for similar property, and assumes all payments due through the date the Commission received notice were made.
Full Legal Text
Title 42, §2365
The Public Health and Welfare, Source: USLM XML via OLRC
The indemnity obligation of the Commission specified in section 2363 of this title shall be for such amount, less the sales price of the property, as would have remained unpaid under a loan entered into on the date of the execution of the original deed by the Commission—
(1)which was in the amount of the purchase price from the Commission and provided for equal monthly payments of principal and interest over a period of twenty years computed on the basis of the average interest and other charges recorded for property of the same class at the community; and
(2)on which all payments due to the date when notice was received by the Commission had been made.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Transfer of Functions
Atomic Energy Commission abolished and functions transferred by section 5814 and 5841 of this title. See also
Transfer of Functions
notes set out under those sections.
Reference
Citations & Metadata
Citation
42 U.S.C. § 2365
Title 42, The Public Health and Welfare
Last Updated
Aug 21, 2026
Release point: 119-102