16 U.S.C. § 825u — Interest rate on power bonds held by Administrator of General Services
submitted 80 years ago by ch. 710 to r/title-16-CONSERVATION · 52 words · no verdicts yet
The General Services Administrator or successor may reduce to 2.5 percent the interest rate on certain power bonds held by the agency and issued by States and their subdivisions for Public Works Administration-financed power projects.
The Administrator of General Services or his successor in interest is authorized to reduce the rate of interest to 2½ per centum on all power bonds held by such Agency issued by States, public authorities, counties, municipalities, and other subdivisions of State governments for power projects financed by the Public Works Administration.
Source credit: (July 31, 1946, ch. 710, § 6, 60 Stat. 744; June 30, 1949, ch. 288, title I, § 103(a), 63 Stat. 380.)
- 1946Enacted · Act of July 31, 1946, ch. 710 · 60 Stat. 744
- 1949Amended · Act of June 30, 1949, ch. 288 · 63 Stat. 380
A history note hasn’t been published yet. The record shows enactment by ch. 710 on 1946-07-31.
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