33 U.S.C. § 2216 : US Code - Section 2216: Rate of interest

Search 33 U.S.C. § 2216 : US Code - Section 2216: Rate of interest

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.