Title 16 — Conservation
Chapter 47 — Small Hydroelectric Power Projects
§ 2702. Loans for feasibility studies
Statutory text
Loan authority
The Secretary, after consultation with the Commission, is authorized to make a loan to any municipality, electric cooperative, industrial development agency, nonprofit organization, or other person to assist such person in defraying up to 90 percent of the costs of—
studies to determine the feasibility of undertaking a small hydroelectric power project at an existing dam or dams and
preparing any application for a necessary license or other Federal, State, and local approval respecting such a project at an existing dam or dams and of participating in any administrative proceeding regarding any such application.
Cancellation
The Secretary may cancel the unpaid balance and any accrued interest on any loan granted pursuant to this section if he determines on the basis of the study that the small hydroelectric power project would not be technically or economically feasible.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Public Utility Regulatory Policies Act of 1978
Pub. L. 95–617 title IV § 402 · 92 Stat. 3117
Enacted · 16 U.S.C. § 2702
(Pub. L. 95–617, title IV, § 402, Nov. 9, 1978, 92 Stat. 3154.)
Source evidence
Code source credit
(Pub. L. 95–617, title IV, § 402, Nov. 9, 1978, 92 Stat. 3154.)Enacted provision · exact public law section
SEC. 402. LOANS FOR FEASIBILITY STUDIES. (a) Loan Authority.— The Secretary, after consultation with the Commission, is authorized to make a loan to any municipality, electric cooperative, industrial development agency, nonprofit organization, or other person to assist such person in defraying up to 90 percent of the costs of— (1) studies to determine the feasibility of undertaking a small hydroelectric power project at an existing dam or dams and (2) preparing any application for a necessary license or other Federal, State, and local approval respecting such a project at an existing dam or dams and of participating in any administrative proceeding regarding any such application. (b) Cancellation.— The Secretary may cancel the unpaid balance and any accrued interest on any loan granted pursuant to this section if he determines on the basis of the study that the small hydroelectric power project would not be technically or economically feasible.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
The Secretary, referred to in text, and the Commission, referred to in subsec. (a), mean the Secretary of Energy and the Federal Energy Regulatory Commission, respectively, see section 2602(3), (14) of this title.