Contents
- (a) Authorization and availability
- (b) Crediting of appropriations
- (c) Crediting and availability of revenues
- (d) Payments of revenues in excess of operating needs to Treasury2 changes
- (e) Apportionment of excess revenues among States1 change
- (f) Determination of interest rate1 change
- (g) Budget to be submitted to Congress
(f)The interest rate applicable to each unit of the storage project and each participating project for purposes of computing interest during construction and interest on the unpaid balance 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 for fifteen years from the date of issue.
United States Government work; public domain under 17 U.S.C. § 105.