# 33 U.S.C. § 2216: Rate of interest

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t33_s2216

## Section

- **Citation:** 33 U.S.C. § 2216
- **Heading:** Rate of interest
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** April 17, 2026
- **Source:** Publisher's official text
- **Location:** Title 33—NAVIGATION AND NAVIGABLE WATERS > CHAPTER 36—WATER RESOURCES DEVELOPMENT > SUBCHAPTER I—COST SHARING

## Text

Whenever a non-Federal interest is required or elects to repay an amount under this Act over a period of time, the amount to be repaid shall include interest at a rate determined by the Secretary of the Treasury, taking into consideration the average market yields on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the reimbursement period, during the month preceding the fiscal year in which costs for the construction of the project are first incurred (or in the case of recalculation the fiscal year in which the recalculation is made), plus a premium of one-eighth of one percentage point for transaction costs; except that such rates for hydroelectric power shall be in accordance with existing law.

( Pub. L. 99–662, title I, § 106 , Nov. 17, 1986 , 100 Stat. 4089 .)

## Nearby sections

- [33 U.S.C. § 2211 Harbors](https://www.frixlaw.com/law-library/statutes/usc_t33_s2211.md)
- [33 U.S.C. § 2211a Preserving United States harbors](https://www.frixlaw.com/law-library/statutes/usc_t33_s2211a.md)
- [33 U.S.C. § 2212 Inland waterway transportation](https://www.frixlaw.com/law-library/statutes/usc_t33_s2212.md)
- [33 U.S.C. § 2213 Flood control and other purposes](https://www.frixlaw.com/law-library/statutes/usc_t33_s2213.md)
- [33 U.S.C. § 2213a Treatment of certain benefits and costs](https://www.frixlaw.com/law-library/statutes/usc_t33_s2213a.md)
- [33 U.S.C. § 2214 General credit for flood control](https://www.frixlaw.com/law-library/statutes/usc_t33_s2214.md)
- [33 U.S.C. § 2215 Feasibility studies; planning, engineering, and design](https://www.frixlaw.com/law-library/statutes/usc_t33_s2215.md)
- [33 U.S.C. § 2216 Rate of interest](https://www.frixlaw.com/law-library/statutes/usc_t33_s2216.md)
- [33 U.S.C. § 2217 Limitation on applicability of certain provisions in reports](https://www.frixlaw.com/law-library/statutes/usc_t33_s2217.md)
- [33 U.S.C. § 2218 General applicability of cost sharing](https://www.frixlaw.com/law-library/statutes/usc_t33_s2218.md)
- [33 U.S.C. § 2219 Definitions](https://www.frixlaw.com/law-library/statutes/usc_t33_s2219.md)
- [33 U.S.C. § 2220 Rivers and harbors and other waterways projects for benefit of navigation, flood control, hurricane protection, beach erosion control, and other purposes](https://www.frixlaw.com/law-library/statutes/usc_t33_s2220.md)
- [33 U.S.C. § 2221 Cost limitations on projects](https://www.frixlaw.com/law-library/statutes/usc_t33_s2221.md)
- [33 U.S.C. § 2222 Use of other Federal funds](https://www.frixlaw.com/law-library/statutes/usc_t33_s2222.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t33_s2216. Check the current official text before relying on it. Not legal advice.