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30 U.S.C. § 1514Program termination

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

No new loans may be made under this subchapter after September 30, 1986. The section directs where loan repayments and remaining fund money must go.

No new loans may be made under this subchapter after September 30, 1986. Money repaid on or before that date on earlier loans under section 1511 must be deposited in the Geothermal Resources Development Fund for this subchapter. Money repaid after that date, and money in that Fund for this subchapter that remains after that date and is not needed to secure outstanding obligations, must be deposited in the United States Treasury as miscellaneous receipts.
the actual law source: uscode.house.gov ↗public domain

No new loans shall be made under this subchapter after September 30, 1986. Amounts repaid on or before September 30, 1986, on loans theretofore made under section 1511 of this title shall be deposited in the Geothermal Resources Development Fund for purposes of this subchapter. Amounts repaid after that date on loans theretofore made under section 1511 of this title, and amounts deposited in the Fund for purposes of this subchapter which remain in the Fund after that date and are not required to secure outstanding obligations under this subchapter, shall be deposited into the United States Treasury as miscellaneous receipts.

Source credit: (Pub. L. 96–294, title VI, § 614, 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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