30 U.S.C. § 1513 : US Code - Section 1513: Loan interest rates; repayment periods

Search 30 U.S.C. § 1513 : US Code - Section 1513: Loan interest rates; repayment periods

(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)).(!1)
(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.