Page:United States Statutes at Large Volume 110 Part 2.djvu/499

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PUBLIC LAW 104-134—APR. 26, 1996 110 STAT. 1321-352 would have paid to the United States Treasury from October 1, 1996, if this section had not been enacted, assuming that— (A) the principal were repaid— (i) on the repayment date the Administrator assigned before October 1, 1994, to the old capital investment, or (ii) with respect to an old capital investment for which the Administrator has not assigned a repayment date before October 1, 1994, on a repayment date the Administrator shall assign to the old capital investment in accordance with paragraph 10(d)(1) of the version of Department of Energy Order RA 6120.2 in effect on October 1, 1994; and (B) interest were paid— (i) at the interest rate the Administrator assigned before October 1, 1994, to the old capital investment, or (ii) with respect to an old capital investment for which the Administrator has not assigned an interest rate before October 1, 1994, at a rate determined by the Secretary of the Treasury, taking into consideration prevailing market yields, during the month preceding the beginning of the fiscal year in which the related project, facility, or separable unit or feature is placed in service, on outstanding interest-bearing obligations of the United States with periods to maturity comparable to the period between the beginning of the fiscal year and the repayment date for the old capital investment. (c) INTEREST RATE FOR NEW PRINCIPAL AMOUNTS.— As of October 1, 1996, the unpaid balance on the new principal amount established for an old capital investment under subsection (b) bears interest annually at the Treasury rate for the old capital investment until the earlier of the date that the new principal amount is repaid or the repa3anent date for the new principal amount. (d) REPAYMENT DATES.— As of October 1, 1996, the repayment date for the new principal amount established for an old capital investment under subsection (b) is no earlier than the repayment date for the old capital investment assumed in subsection (b)(3)(A). (e) PREPAYMENT LIMITATIONS.— During the period October 1, 1996, through September 30, 2001, the total new principal amounts of old capital investments, as established under subsection (b), that the Administrator may pay before their respective repayment dates shall not exceed $100,000,000. (f) INTEREST RATES FOR NEW CAPITAL INVESTMENTS DURING CONSTRUCTION. — (1) NEW CAPITAL INVESTMENT. —The principal amount of a new capital investment includes interest in each fiscal year of construction of the related project, facility, or separable unit or feature at a rate equal to the one-year rate for the fiscal year on the sum of— (A) construction expenditures that were made from the date construction commenced through the end of the fiscal year, and