FEDERAL · 42 U.S.C. · Chapter SUBCHAPTER V—HEALTH PROFESSIONS EDUCATION
Individuals from disadvantaged backgrounds
42 U.S.C. § 292t
Title42 — The Public Health and Welfare
ChapterSUBCHAPTER V—HEALTH PROFESSIONS EDUCATION
Partsubpart ii—federally-supported student loan funds
This text of 42 U.S.C. § 292t (Individuals from disadvantaged backgrounds) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
42 U.S.C. § 292t.
Text
(a)Fund agreements regarding certain amounts
With respect to amounts appropriated under subsection (f), each agreement entered into under section 292q of this title with a school shall provide (in addition to the provisions required in subsection (b) of such section) that—
(1)any Federal capital contribution made to the student loan fund of the school from such amounts, together with the school contribution appropriate under subsection (b)(2)(B) of such section to the amount of the Federal capital contribution, will be utilized only for the purpose of—
(A)making loans to individuals from disadvantaged backgrounds; and
(B)the costs of the collection of the loans and interest on the loans; and
(2)collections of principal and interest on loans made pursuant to paragraph (1), and any othe
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History
(July 1, 1944, ch. 373, title VII, §724, as added Pub. L. 102–408, title I, §102, Oct. 13, 1992, 106 Stat. 2018; amended Pub. L. 105–392, title I, §132, Nov. 13, 1998, 112 Stat. 3575.)
Editorial Notes
Editorial Notes
Prior Provisions
A prior section 724 of act July 1, 1944, was classified to section 293d of this title prior to the general revision of this subchapter by Pub. L. 102–408.
Amendments
1998—Subsec. (f)(1). Pub. L. 105–392, §132(b), struck out heading and text of par. (1). Text read as follows: "With respect to making Federal capital contributions to student loan funds for purposes of subsection (a) of this section, there is authorized to be appropriated for such contributions $8,000,000 for each of the fiscal years 1998 through 2002."
Pub. L. 105–392, §132(a), substituted "$8,000,000 for each of the fiscal years 1998 through 2002" for "$15,000,000 for fiscal year 1993".
Statutory Notes and Related Subsidiaries
Effective Date of 1998 Amendment
Pub. L. 105–392, title I, §132(b), Nov. 13, 1998, 112 Stat. 3575, provided that the repeal of subsec. (f)(1) of this section is effective Oct. 1, 2002.
Prior Provisions
A prior section 724 of act July 1, 1944, was classified to section 293d of this title prior to the general revision of this subchapter by Pub. L. 102–408.
Amendments
1998—Subsec. (f)(1). Pub. L. 105–392, §132(b), struck out heading and text of par. (1). Text read as follows: "With respect to making Federal capital contributions to student loan funds for purposes of subsection (a) of this section, there is authorized to be appropriated for such contributions $8,000,000 for each of the fiscal years 1998 through 2002."
Pub. L. 105–392, §132(a), substituted "$8,000,000 for each of the fiscal years 1998 through 2002" for "$15,000,000 for fiscal year 1993".
Statutory Notes and Related Subsidiaries
Effective Date of 1998 Amendment
Pub. L. 105–392, title I, §132(b), Nov. 13, 1998, 112 Stat. 3575, provided that the repeal of subsec. (f)(1) of this section is effective Oct. 1, 2002.
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42 U.S.C. § 292t, Counsel Stack Legal Research, https://law.counselstack.com/usc/42/292t.