15 USC § 636b - Disaster loan interest rates | Title 15 - Commerce and Trade | U.S. Code

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Current through Pub. L. 113-9. (See Public Laws for the current Congress.)

Any loan made under section 636a ^[1] of this title and section 4452 ^[1] of title 42 shall not exceed the current cost of repairing or replacing the disaster injury, loss, or damage in conformity with current codes and specifications. Any loan made under sections 636a ^[1] and 636d of this title, and sections 3538 and 4452 ^[1] of title 42 shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of ten to twelve years reduced by not to exceed 2 per centum per annum. In no event shall any loan made under this section bear interest at a rate in excess of 6 per centum per annum.

[1] See References in Text note below.

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Any loan made under section 636a ^[1] of this title and section 4452 ^[1] of title 42 shall not exceed the current cost of repairing or replacing the disaster injury, loss, or damage in conformity with current codes and specifications. Any loan made under sections 636a ^[1] and 636d of this title, and sections 3538 and 4452 ^[1] of title 42 shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of ten to twelve years reduced by not to exceed 2 per centum per annum. In no event shall any loan made under this section bear interest at a rate in excess of 6 per centum per annum.

[1] See References in Text note below.

Source

(Pub. L. 91–606, title II, § 234,Dec. 31, 1970, 84 Stat. 1754.)

References in Text

Section 636a of this title, referred to in text, was repealed by Pub. L. 97–35, title XIX, § 1917,Aug. 13, 1981, 95 Stat. 781.

Section 4452 of title 42, referred to in text, was repealed by Pub. L. 93–24, § 7,Apr. 20, 1973, 87 Stat. 25.

Codification

Section was enacted as part of the Disaster Relief Act of 1970, and not as part of the Small Business Act which comprises this chapter. Section was formerly classified to section 4453 of Title 42, The Public Health and Welfare.

Effective Date

Section effective Dec. 31, 1970, see section 304 ofPub. L. 91–606, set out as an Effective Date of 1970 Amendment note under section 165 of Title 26, Internal Revenue Code.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Monday, June 17, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

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"nt [tbl]" means note [table].
"prec" means preceding.
"fr" means a transfer from another section.
"to" means a transfer to another section.
"omitted" means the section is omitted.
"repealed" means the section is repealed.
"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

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General Reference

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15 USC	Description of Change	Session Year	Public Law	Statutes at Large

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

14 CFR - Title 14—Aeronautics and Space

14 CFR Part 1204 - ADMINISTRATIVE AUTHORITY AND POLICY

43 CFR - Title 43—Public Lands: Interior

43 CFR 145

43 CFR Part 3420 - COMPETITIVE LEASING

15 USC § 636b - Disaster loan interest rates

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