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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - 30 U.S.C. § 1512 - U.S. Code - Unannotated Title 30. Mineral Lands and Mining § 1512. Loan size limitation - last updated January 01, 2024 | https://codes.findlaw.com/us/title-30-mineral-lands-and-mining/30-usc-sect-1512/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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