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43 U.S.C. · Public Lands
43 U.S.C. § 421e

Municipal and industrial water supply delivery and distribution; allocation of loan funds; loan repayment contract requirements; rate of interest

Ch. 12 — RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT
Title 43 U.S.C. ● ACTIVE Primary Source Ch. 12
Statutory Text

43 U.S.C. § 421e — Municipal and industrial water supply delivery and distribution; allocation of loan funds; loan repayment contract requirements; rate of interest

U.S.C. Title 43 - PUBLIC LANDS 43 U.S.C. United States Code, 2023 Edition Title 43 - PUBLIC LANDS CHAPTER 12 - RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT SUBCHAPTER III - INSTITUTION AND CONSTRUCTION OF PROJECTS Sec. 421e - Municipal and industrial water supply delivery and distribution; allocation of loan funds; loan repayment contract requirements; rate of interest From the U.S. Government Publishing Office, www.gpo.gov

§421e. Municipal and industrial water supply delivery and distribution; allocation of loan funds; loan repayment contract requirements; rate of interest

Unless otherwise provided in the Act authorizing construction of the project, the delivery and distribution of municipal and industrial water supplies shall be deemed to be an authorized project purpose under sections 421a to 421h of this title, and where appropriate, an allocation of loan funds acceptable to the Secretary shall be made between irrigation and municipal and industrial purposes. Loan repayment contracts shall require that the borrower pay interest on that portion of the unamortized loan obligation (including interest during construction) allocated in each year to municipal and industrial purposes at the rate provided in the Act authorizing the project, or absent such an authorized rate, at a rate determined by the Secretary of the Treasury as of the beginning of the fiscal year in which the contract, or contract amendment entered into pursuant to section 421f of this title, is executed, on the basis of the computed average interest rate payable by the Treasury upon its outstanding marketable public obligations which are neither due nor callable for redemption for fifteen years from date of issue, and by adjusting such average rate to the nearest one-eighth of 1 per centum.

(July 4, 1955, ch. 271, §5, as added Pub. L. 92–487, Oct. 3, 1972, 86 Stat. 805.)

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC43-SEC-01E3A9
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
43 U.S.C. § 421e
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
a1a8a523f85e5c8a...
Semantic Edges
Pending — corpus passes queued
The statutory text of 43 U.S.C. § 421e 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).
Navigate Corpus — Title 43
← 43 U.S.C. § 421d 43 U.S.C. § 421f →
Ch. 12 — RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT
43 U.S.C. § 37143 U.S.C. § 37243 U.S.C. § 37343 U.S.C. § 373a43 U.S.C. § 373a143 U.S.C. § 373b43 U.S.C. § 373c43 U.S.C. § 373d43 U.S.C. § 373e43 U.S.C. § 373f43 U.S.C. § 37443 U.S.C. § 37543 U.S.C. § 375a43 U.S.C. § 375b43 U.S.C. § 375c43 U.S.C. § 375d43 U.S.C. § 375e43 U.S.C. § 375f43 U.S.C. § 37643 U.S.C. § 37743 U.S.C. § 377a43 U.S.C. § 377b43 U.S.C. § 37843 U.S.C. § 37943 U.S.C. § 38043 U.S.C. § 380a43 U.S.C. § 38143 U.S.C. § 38243 U.S.C. § 38343 U.S.C. § 384
43 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 43 → 43 U.S.C. § 421e