Pub. L. 92-514, tit. II, sec. 205

Pub. L. 92-514, tit. II, sec. 205

EnactedYear: 1972Length: 84 wordsOfficial source
Sec. 205. The interest rate used for computing interest during construction and interest on the unpaid balance of the reimbursable costs of the Brantley project shall be determined by the Secretary of the Treasury, as of the beginning of the fiscal year in which construction on the project is commenced, on the basis of the computed average interest rate payable by the Treasury upon its outstanding marketable public obligations which are neither due nor callable for redemption for fifteen years from date of issue.
Pub. L. 92-514, tit. II, sec. 205 | Justis AI