Pub. L. 94-423, tit. II, sec. 206
Pub. L. 94-423, tit. II, sec. 206
Sec. 206. The interest rate used for purposes of computing interest during construction and, where appropriate, interest on the unpaid 90 STAT. 1327balance of the reimbursable obligations assumed by non-Federal entities shall be determined by the Secretary of the Treasury, as of the beginning of the fiscal year in which construction is initiated, 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 from fifteen years from the date of issue.