Title 30 — Mineral Lands and Mining
Chapter 27 — Geothermal Energy
§ 1512. Loan size limitation
Statutory text
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.
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.
Energy Security Act
Pub. L. 96–294 title VI § 612 · 94 Stat. 611
Enacted · 30 U.S.C. § 1512
(Pub. L. 96–294, title VI, § 612, June 30, 1980, 94 Stat. 764.)
Source evidence
Code source credit
(Pub. L. 96–294, title VI, § 612, June 30, 1980, 94 Stat. 764.)Enacted provision · exact public law section
Sec. 612. loan size limitation The amount of any loan made under section 611(a) 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.
1 of 1 references resolved to an enrolled provision