§ 2216. Rate of interest
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/usc/title-33/section-2216A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever a non-Federal interest is required or elects to repay an amount under this Act over a period of time, the amount to be repaid shall include interest at a rate determined by the Secretary of the Treasury, taking into consideration the average market yields on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the reimbursement period, during the month preceding the fiscal year in which costs for the construction of the project are first incurred (or in the case of recalculation the fiscal year in which the recalculation is made), plus a premium of one-eighth of one percentage point for transaction costs; except that such rates for hydroelectric power shall be in accordance with existing law.
(Pub. L. 99–662, title I, § 106, Nov. 17, 1986, 100 Stat. 4089.)
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- Pub. L. 99–662, title I, § 106
- 100 Stat. 4089
- Pub. L. 99–662
- 100 Stat. 4082
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§ 2216
Rate of interest
U.S.C.×5
C.F.R.×1
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Pub. L.Pub. L. 99–662, title I, § 106
Stat.100 Stat. 4089
Pub. L.Pub. L. 99–662
Stat.100 Stat. 4082
Cites 5Cited by 8 across 4 sources