30 U.S.C. · Mineral Lands and Mining
30 U.S.C. § 1512

Loan size limitation

Ch. 27 — GEOTHERMAL ENERGY
Title 30 U.S.C. ● ACTIVE Primary Source Ch. 27
Statutory Text

30 U.S.C. § 1512 — Loan size limitation

U.S.C. Title 30 - MINERAL LANDS AND MINING 30 U.S.C. United States Code, 2023 Edition Title 30 - MINERAL LANDS AND MINING CHAPTER 27 - GEOTHERMAL ENERGY SUBCHAPTER I - PROJECT LOANS Sec. 1512 - Loan size limitation From the U.S. Government Publishing Office, www.gpo.gov

§1512. Loan size limitation

The amount of any loan made under section 1511(a) of this title with respect to a project described in that section shall not exceed 50 percent of the cost of such project; except that if the loan is made to a person proposing to make application of the resources of the reservoir involved primarily for space heating or cooling or process heat for one or more structures or facilities then existing or under construction, the loan may be in any amount up to 90 per centum of such cost. In any event no loan shall be made in an amount in excess of $3,000,000.

(Pub. L. 96–294, title VI, §612, June 30, 1980, 94 Stat. 764.)

Source: uscode.house.gov — public domain Official Source ↗
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30 U.S.C. § 1512
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The statutory text of 30 U.S.C. § 1512 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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