Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · U.S. Code · Title 16 - CONSERVATION · CHAPTER 18— WATERSHED PROTECTION AND FLOOD PREVENTION · § 1006a

§ 1006a. Loans or advancements for financing local share of costs; repayment; interest; maximum amount

677 words·~3 min read·/usc/title-16/section-1006a

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary is authorized to make loans or advancements
(a)to local organizations to finance the local share of costs of carrying out works of improvement provided for in this chapter, and
(b)to State and local agencies to finance the local share of costs of carrying out works of improvement (as defined in section 1002 of this title) in connection with the eleven watershed improvement programs authorized by section 13 of the Act of December 22, 1944 (58 Stat. 887), as amended and supplemented: Provided, That the works of improvement in connection with said eleven watershed improvement programs shall be integral parts of watershed or subwatershed work plans agreed upon by the Secretary of Agriculture and the concerned State and local agencies. A loan or advance under this section shall be made under a contract or agreement that provides, under such terms and conditions as the Secretary considers appropriate, for the repayment of the loan or advance in not more than 50 years from the date when the principal benefits of the works of improvement first become available, with interest at a rate not to exceed the current market yield for outstanding municipal obligations with remaining periods to maturity comparable to the average maturity for the loan, adjusted to the nearest ⅛ of 1 percent. With respect to any single plan for works of improvement, the amount of any such loan or advancement shall not exceed $10,000,000.
(Aug. 4, 1954, ch. 656, § 8, as added Aug. 7, 1956, ch. 1027, § 1(g), 70 Stat. 1090; amended Pub. L. 86–468, § 1, May 13, 1960, 74 Stat. 131; Pub. L. 95–113, title XV, § 1508, Sept. 29, 1977, 91 Stat. 1022; Pub. L. 104–127, title VII, § 791(b), Apr. 4, 1996, 110 Stat. 1151.)
Connections59 cite this · traces to 3
Cited by 59 sections · top 54
statutes-at-large
statute-compilations
18 references not yet in our index
  • section 13 of the Act of December 22, 1944
  • 58 Stat. 887
  • Aug. 4, 1954, ch. 656, § 8
  • Aug. 7, 1956, ch. 1027, § 1(g)
  • 70 Stat. 1090
  • Pub. L. 86–468, § 1
  • 74 Stat. 131
  • Pub. L. 95–113, title XV, § 1508
  • 91 Stat. 1022
  • Pub. L. 104–127, title VII, § 791(b)
  • 110 Stat. 1151
  • Section 13 of the Act of December 22, 1944
  • act Dec. 22, 1944, ch. 665
  • Pub. L. 104–127
  • Pub. L. 95–113
  • Pub. L. 86–468
  • section 13 of the act of Dec. 22, 1944
  • section 1901 of Pub. L. 95–113
Citation graph
cites case law
§ 1006a
Loans or advancements for financing local share of costs; repayment; interest; maximum amount
Stat.×46
U.S.C.×7
Bills×4
C.F.R.×1
Stat. Comp.×1
Actsection 13 of the Act of December 22, 1944
Stat.58 Stat. 887
ActAug. 4, 1954, ch. 656, § 8
ActAug. 7, 1956, ch. 1027, § 1(g)
Stat.70 Stat. 1090
Cites 21 · showing 8Cited by 59 across 5 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.