BS
Boise Standard
Treasure Valley · AI Directory
42 U.S.C. · The Public Health and Welfare
42 U.S.C. § 8832

Construction loans

Ch. 96 — BIOMASS ENERGY AND ALCOHOL FUELS
Title 42 U.S.C. ● ACTIVE Primary Source Ch. 96
Statutory Text

42 U.S.C. § 8832 — Construction loans

U.S.C. Title 42 - THE PUBLIC HEALTH AND WELFARE 42 U.S.C. United States Code, 2023 Edition Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 96 - BIOMASS ENERGY AND ALCOHOL FUELS SUBCHAPTER II - MUNICIPAL WASTE BIOMASS ENERGY Sec. 8832 - Construction loans From the U.S. Government Publishing Office, www.gpo.gov

§8832. Construction loans

(a) Authority of Secretary of Energy Subject to sections 8835 and 8836 of this title, the Secretary of Energy may commit to make, and make, loans for the construction of municipal waste energy projects. (b) Estimated project construction costs as determinative of initial and revised amount of loan; interest rate (1) Any loan under this section— (A) may not exceed 80 per centum of the total estimated cost of the construction of the municipal waste energy project involved, and (B) shall bear interest at a rate determined by the Secretary of Energy (taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans) plus not to exceed one per centum, as determined by the Secretary of Energy, and adjusted to the nearest one-eighth of one per centum.

(2) In the event the total estimated costs of construction of the project thereafter exceed the total estimated costs initially determined by the Secretary of Energy, the Secretary may in addition, upon application therefor, make a loan for so much of the additional estimated costs as does not exceed 10 per centum of the initial total estimated costs of construction. (c) Preconditions A loan may not be made under this section unless the person applying for such loan has established to the satisfaction of the Secretary of Energy that the applicant is unable without such a loan to obtain sufficient credit elsewhere at reasonable rates and terms, taking into consideration prevailing market rates and terms for loans for similar periods of time, to finance the construction of the project for which such loan is sought.

(Pub. L. 96–294, title II, §232, June 30, 1980, 94 Stat. 697.)

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-USC42-SEC-3C160B
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
42 U.S.C. § 8832
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
b0414760984667f4...
Semantic Edges
Pending — corpus passes queued
The statutory text of 42 U.S.C. § 8832 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 42
← 42 U.S.C. § 8831 42 U.S.C. § 8833 →
Ch. 96 — BIOMASS ENERGY AND ALCOHOL FUELS
42 U.S.C. § 880142 U.S.C. § 880242 U.S.C. § 880342 U.S.C. § 880442 U.S.C. § 881142 U.S.C. § 881242 U.S.C. § 881342 U.S.C. § 881442 U.S.C. § 881542 U.S.C. § 881642 U.S.C. § 881742 U.S.C. § 881842 U.S.C. § 881942 U.S.C. § 882042 U.S.C. § 882142 U.S.C. § 883142 U.S.C. § 883242 U.S.C. § 883342 U.S.C. § 883442 U.S.C. § 883542 U.S.C. § 883642 U.S.C. § 883742 U.S.C. § 883842 U.S.C. § 883942 U.S.C. § 884042 U.S.C. § 885142 U.S.C. § 885242 U.S.C. § 885342 U.S.C. § 885442 U.S.C. § 8855
42 U.S.C. — public domain ← All Legislation
◈ Provenance
boisestandard.org → United States → Law → U.S. Code → Title 42 → 42 U.S.C. § 8832