Notice2026-01591
Change in Discount Rate for Water Resources Planning
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 27, 2026
Issuing agencies
Interior DepartmentReclamation Bureau
Abstract
The Bureau of Reclamation is announcing that the interest rate to be used by Federal agencies in the formulation and evaluation of plans for water and related land resources is 3.25 percent for fiscal year 2026.
Full Text
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<title>Federal Register, Volume 91 Issue 17 (Tuesday, January 27, 2026)</title>
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[Federal Register Volume 91, Number 17 (Tuesday, January 27, 2026)]
[Notices]
[Page 3539]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01591]
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DEPARTMENT OF THE INTERIOR
Bureau of Reclamation
[RX.59389832.1009676 267R5065C6 RR83550000]
Change in Discount Rate for Water Resources Planning
AGENCY: Bureau of Reclamation, Interior.
ACTION: Notice of change in discount rate.
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SUMMARY: The Bureau of Reclamation is announcing that the interest rate
to be used by Federal agencies in the formulation and evaluation of
plans for water and related land resources is 3.25 percent for fiscal
year 2026.
DATES: This discount rate is to be used for the period October 1, 2025,
through and including September 30, 2026.
FOR FURTHER INFORMATION CONTACT: Austin Olah, Bureau of Reclamation,
Reclamation Law Administration Division, P.O. Box 25007, Denver,
Colorado 80225; telephone (303) 445-3240; or email at <a href="/cdn-cgi/l/email-protection#c6a7a9aaa7ae86b3b5a4b4e8a1a9b0"><span class="__cf_email__" data-cfemail="dfbeb0b3beb79faaacbdadf1b8b0a9">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The Water Resources Planning Act of 1965 and
the Water Resources Development Act of 1974 require an annual
determination of a discount rate for Federal water resources planning.
The discount rate for Federal water resources planning for fiscal year
2026 is 3.25 percent. The prior year's rate, as announced in the
Federal Register on December 12, 2024 (89 FR 100533), was 3.00 percent
for fiscal year 2025. Discounting is used to convert future monetary
values to present values.
This rate has been computed in accordance with section 80(a),
Public Law 93-251 (88 Stat. 34), and 18 CFR 704.39, which: (1) specify
that the rate will be based upon the average yield during the preceding
fiscal year on interest-bearing marketable securities of the United
States which, at the time the computation is made, have terms of 15
years or more remaining to maturity (average yield is rounded to
nearest one-eighth percent); and (2) provide that the rate will not be
raised or lowered more than one-quarter of 1 percent for any year. The
U.S. Department of the Treasury calculated the specified average to be
4.7330 percent. In accordance with the Water Resource Council Rules and
Regulations, the maximum adjustment allowed for the current fiscal year
rate is one-quarter of one percentage point from the previous fiscal
year rate, which was 3.00 percent. Therefore, the fiscal year 2026 rate
is 3.25 percent.
All Federal agencies will use the rate of 3.25 percent in the
formulation and evaluation of water and related land resources plans
for the purpose of discounting future benefits and computing costs or
otherwise converting benefits and costs to a common-time basis.
Heidi Morrow,
Acting Director, Mission Assurance and Protection Organization, Bureau
of Reclamation.
[FR Doc. 2026-01591 Filed 1-26-26; 8:45 am]
BILLING CODE 4332-90-P
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</html>Indexed from Federal Register on January 27, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.