2015 US Code
Title 20 - Education (Sections 1 - 10013)
Chapter 28 - Higher Education Resources and Student Assistance (Sections 1001 - 1161aa-1)
Subchapter IV - Student Assistance (Sections 1070 - 1099e)
Part B - Federal Family Education Loan Program (Sections 1071 - 1087-4)
Sec. 1078-4 - Commingling of funds
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 20 - EDUCATION |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 20 - EDUCATION CHAPTER 28 - HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE SUBCHAPTER IV - STUDENT ASSISTANCE Part B - Federal Family Education Loan Program Sec. 1078-4 - Commingling of funds |
| Contains | section 1078-4 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 89-329, title IV, §428D, as added Pub. L. 99-498, title IV, §402(a), Oct. 17, 1986, 100 Stat. 1393. |
| Statutes at Large Reference | 100 Stat. 1393 |
| Public and Private Law | Public Law 89-329, Public Law 99-498 |
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Notwithstanding any other provision of this part regarding permissible uses of funds from any source, funds received by a guaranty agency under any provision of this part may be commingled with funds received under any other provision of this part and may be used to carry out the purposes of such other provision, except that—
(1) the total amount expended for the purposes of such other provision shall not exceed the amount the guaranty agency would otherwise be authorized to expend; and
(2) the authority to commingle such funds shall not relieve such agency of any accounting or auditing obligations under this part.
(Pub. L. 89–329, title IV, §428D, as added Pub. L. 99–498, title IV, §402(a), Oct. 17, 1986, 100 Stat. 1393.)
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