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U.S. Code as of:
01/19/04
Section 636b. Disaster loan interest rates
Any loan made under section 636a (!1) of this title and section
4452 (!1) of title 42 shall not exceed the current cost of
repairing or replacing the disaster injury, loss, or damage in
conformity with current codes and specifications. Any loan made
under sections 636a (!1) and 636d of this title, and sections 3538
and 4452 (!1) of title 42 shall bear interest at a rate determined
by the Secretary of the Treasury, taking into consideration the
current average market yield on outstanding marketable obligations
of the United States with remaining periods to maturity of ten to
twelve years reduced by not to exceed 2 per centum per annum. In no
event shall any loan made under this section bear interest at a
rate in excess of 6 per centum per annum.
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