33 U.S.C. § 2216
Rate of interest
United States · Title 33 — NAVIGATION AND NAVIGABLE WATERS · Status: effective
Cite this
- Citation
- 33 U.S.C. § 2216, Rate of interest, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/469285
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Full text
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.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Water Resources Development Act of 1986House: no recorded tallySenate: no recorded tally