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16 U.S.C. § 2702 — Loans for feasibility studies

Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 2702 — Loans for feasibility studies

**(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.

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Stable record: federal_law:legal_authorities:record_usc_536a940e225485d9251b1fb0
Source file: Laws/federal/codes/united-states-code/title-16/section-2702-loans-for-feasibility-studies--57285f8653.md
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Source location: Title 16, Chapter 47, § 2702; chapter-047-small-hydroelectric-power-projects.md

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**(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.

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Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 2704 — Loan rates and repayment

**(a) Interest** Each loan made pursuant to this chapter shall bear interest at the discount or interest rate used at the time the loan is made for water resources planning projects under [section 1962d–17 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1962d–17&num=0&edition=prelim). Each such loan shall be for such term, as the Secretary deems appropriate, but not in excess of— (1) 10 years (in the case of a loan under [section 2702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section2702&num=0&edition=prelim)) or (2) 30 years (in the case of a loan under [section 2703 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section2703&num=0&edition=prelim)). **(b) Repayments** Amounts repaid on loans made pursuant to this chapter shall be deposited into the United States Treasury as miscellaneous receipts.

Source: Supplied U.S. Code snapshot — release unconfirmed · 16 U.S.C. § 2704

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Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 2707 — Authorizations

There are hereby authorized to be appropriated for each of the fiscal years ending September 30, 1978, September 30, 1979, and September 30, 1980, not to exceed $10,000,000 for loans to be made pursuant to [section 2702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section2702&num=0&edition=prelim), such funds to remain available until expended. There are hereby authorized to be appropriated for each of the fiscal years ending September 30, 1978, September 30, 1979, September 30, 1980, not to exceed $100,000,000 for loans to be made pursuant to [section 2703 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section2703&num=0&edition=prelim), such funds to remain available until expended.

Source: Supplied U.S. Code snapshot — release unconfirmed · 16 U.S.C. § 2707

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 7381a — Authorization of appropriations

**(a)** There is authorized to be appropriated for each of the fiscal years 1981 and 1982 not to exceed $10,000,000 for loans under section 402 of the Public Utility Regulatory Policies Act of 1978 [[16 U.S.C. 2702](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section2702&num=0&edition=prelim)], in addition to any amounts authorized for such loans by that Act; and the amounts appropriated pursuant to this subsection shall remain available until expended. **(b)** There is authorized to be appropriated for each of the fiscal years 1981 and 1982 not to exceed $100,000,000 for loans under section 403 of the Public Utility Regulatory Policies Act of 1978 [[16 U.S.C. 2703](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section2703&num=0&edition=prelim)]; and the amounts appropriated pursuant to this subsection shall remain available until expended. **(c)** There is authorized to be appropriated for the fiscal year 1981 not to exceed $10,000,000 to carry out [section 7374 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section7374&num=0&edition=prelim) (relating to energy self-sufficiency initiatives).

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 7381a

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Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 2702 — Loans for feasibility studies

Page 2214 TITLE 16—CONSERVATION § 2701 (1) all information gathered by the institute is available to the Secretary, the Commission, and the public, and (2) no portion of any such grant is used to support or oppose any legislative proposal ex- cept by means of testimony by representatives of the institute provided by invitation to a committee of Congress or of a State legisla- ture. (d) Authorization of appropriations There is authorized to be appropriated not more than $2,000,000 for each of the fiscal years 1979 and 1980 for purposes of making grants under this section. No amounts may be appro- priated for any fiscal year after the fiscal year 1980 to carry out the purposes of this section without a specific authorization of Congress. (Pub. L. 95–617, title VI, § 603, Nov. 9, 1978, 92 Stat. 3165.) Editorial Notes REFERENCES IN TEXT This Act, referred to in subsec. (a)(3), is Pub. L. 95–617, Nov. 9, 1978, 92 Stat. 3117, known as the Public Utility Regulatory Policies Act of 1978. For complete classification of this Act to the Code, see Short Title note set out under section 2601 of this title and Tables. CODIFICATION This section was not enacted as part of title I of Pub. L. 95–617 which comprises this chapter. CHAPTER 47—SMALL HYDROELECTRIC POWER PROJECTS Sec. 2701. Establishment of program. 2702. Loans for feasibility studies. 2703. Loans for project costs. 2704. Loan rates and repayment. 2705. Simplified and expeditious licensing proce- dures. 2706. New impoundments. 2707. Authorizations. 2708. Definitions. § 2701. Establishment of program The Secretary shall establish a program in ac- cordance with this chapter to encourage munici- palities, electric cooperatives, industrial devel- opment agencies, nonprofit organizations,

Source: Supplied 2024 U.S. Code historical extraction · 16 U.S.C. § 2702

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