§ 1006a. Loans or advancements for financing local share of costs; repayment; interest; maximum amount
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/usc/title-16/section-1006aA 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
U.S. Code
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- Public Law 100–201To authorize the acceptance of a donation of land for addition to Big Bend National Park, in the State of Texas
- Public Law 100–71Making supplemental appropriations for the fiscal year ending September 30, 1987, and for other purposes
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- Public Law 100–460Making appropriations for Rural Development, Agriculture, and Related Agencies programs for the fiscal year ending September 30, 1989, and for other purposes
- Public Law 104–180Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 1997, and for other purposes
- Public Law 109–97Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies for the fiscal year ending September 30, 2006, and for other purposes
- Public Law 102–142Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 1992, and for other purposes
- Public Law 94–122Making appropriations for Agriculture and Related Agencies programs for the fiscal year ending June 30, 1976, and the period ending September 30, 1970, and for other purposes
- Public Law 107–76Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2002, and for other purposes
- Public Law 101–506Making appropriations for Rural Development, Agriculture, and Related Agencies programs for the fiscal year ending September 30, 1991, and for other purposes
- Public Law 104–127To modify the operation of certain agricultural programs
- Public Law 95–97Making appropriations for Agriculture and Related Agencies programs for the fiscal year ending September 30, 1978, and for other purposes
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