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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 30 U.S.C. § 1513 Loan interest rates; repayment periods us united_states_code code_section 30 MINERAL LANDS AND MINING 27 GEOTHERMAL ENERGY 1513 30 U.S.C. § 1513 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc30@119-100.zip /us/usc/t30/s1513 data/legal/raw/us/code/title-30/usc30.xml f840fe5dcef87268374b3a9f2acb311610f39a9f43b64c6f1da4825fd0ac2ccf 355f8eb5c6ad5372de4a8e665d9ed90202d53d2aac19ac001d43948af4a4dd2f ae7a5f53f79d2992fa660dacaff36ef90a7b69a742b62fb6f18cb837f719d537 2026-07-04 official
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30 U.S.C. § 1513 - Loan interest rates; repayment periods

Text

(a) Each loan made under section 1511 of this title shall bear interest at a discount or interest rate equal to the rate in effect (at the time the loan is made) for water resources planning projects under section 80 of the Water Resources Development Act of 1974 (42 U.S.C. 1962(d)17(a)).11 So in original. Should be “(42 U.S.C. 1962d17(a)).”

(b) Each such loan shall be for a term which the Secretary deems appropriate, except that no loan term shall exceed twenty years beyond the date on which production of energy or geothermal energy resources begins from the reservoir involved. If revenues are inadequate (as determined by the Secretary) to fully repay the principal and accrued interest within twenty years after production begins, any remaining unpaid amounts shall be forgiven.

(Pub. L. 96294, title VI, § 613, June 30, 1980, 94 Stat. 764.)