§ 636b. Disaster loan interest rates

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Any loan made under section 636a 1 of this title and section 4452 1 of title 42 shall not exceed the current cost of repairing or replacing the disaster injury, loss, or damage in conformity with current codes and specifications. Any loan made under sections 636a 1 and 636d of this title, and sections 3538 and 4452 1 of title 42 shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of ten to twelve years reduced by not to exceed 2 per centum per annum.

In no event shall any loan made under this section bear interest at a rate in excess of 6 per centum per annum.

(Pub. L. 91–606, title II, § 234, Dec. 31, 1970, 84 Stat. 1754.)

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U.S. Code

§ 636d
Disaster aid to major sources of employment

Traces to 3 documents

U.S. Code

9 references not yet in our index

1
Pub. L. 91–606, title II, § 234
84 Stat. 1754
Pub. L. 97–35, title XIX, § 1917
95 Stat. 781
Pub. L. 93–24, § 7
87 Stat. 25
section 4453 of Title 42
section 304 of Pub. L. 91–606

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§ 636b

Disaster loan interest rates

U.S.C.×2

U.S.C.§ 636a

U.S.C.§ 4452

U.S.C.§ 165

Cite1

Pub. L.Pub. L. 91–606, title II, § 234

Stat.84 Stat. 1754

Pub. L.Pub. L. 97–35, title XIX, § 1917

Stat.95 Stat. 781

Cites 12 · showing 8Cited by 2 across 1 source