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

submitted 46 years ago by Pub. L. 96-294 to r/title-30-MINERAL-LANDS-AND-MINING · 104 words · no verdicts yet

in plain englishAI-generated · not legal advice

Loan size limitation. The amount of any loan made under section 1511(a) of this title about a project described in that section must 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 amount of any loan made under section 1511(a) of this title about a project described in that section must 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 percent of such cost. In any event no loan must be made in an amount more than $3,000,000.

the actual law source: uscode.house.gov ↗public domain

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.

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

history & why it existsrecord from the source credit
  • 1980Enacted · Pub. L. 96-294 · 94 Stat. 764

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-294 on 1980-06-30.

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