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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 16 U.S.C. § 2702 Loans for feasibility studies us united_states_code code_section 16 CONSERVATION 47 SMALL HYDROELECTRIC POWER PROJECTS 2702 16 U.S.C. § 2702 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc16@119-100.zip /us/usc/t16/s2702 data/legal/raw/us/code/title-16/usc16.xml 0531783dca79acaa2b0e17b3b35a2ba379c1ac7ae8be59b8f8af3fc84ed3d49f 7be8950da5a93cac7c98e4576ce00340f2aba5e8e46d29915382c203c421d503 42e4a6f932fb57ced89020931a8cf68c36b0dd629a1b9e06ad0610a822309ea8 2026-07-04 official
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16 U.S.C. § 2702 - Loans for feasibility studies

Text

(a) Loan authority The Secretary, after consultation with the Commission, is authorized to make a loan to any municipality, electric cooperative, industrial development agency, nonprofit organization, or other person to assist such person in defraying up to 90 percent of the costs of—

(1) studies to determine the feasibility of undertaking a small hydroelectric power proj­ect at an existing dam or dams and

(2) preparing any application for a necessary license or other Federal, State, and local approval respecting such a project at an existing dam or dams and of participating in any administrative proceeding regarding any such application.

(b) Cancellation The Secretary may cancel the unpaid balance and any accrued interest on any loan granted pursuant to this section if he determines on the basis of the study that the small hydroelectric power project would not be technically or economically feasible.

(Pub. L. 95617, title IV, § 402, Nov. 9, 1978, 92 Stat. 3154.)

Notes

Editorial Notes

References in TextThe Secretary, referred to in text, and the Commission, referred to in subsec. (a), mean the Secretary of Energy and the Federal Energy Regulatory Commission, respectively, see section 2602(3), (14) of this title.