2015 US Code
Title 42 - The Public Health and Welfare (Sections 1 - 18445)
Chapter 6A - Public Health Service (Sections 201 - 300mm-61)
Subchapter IV - Construction and Modernization of Hospitals and Other Medical Facilities (Sections 291 - 291o-1)
Part B - Loan Guarantees and Loans for Modernization and Construction of Hospitals and Other Medical Facilities (Sections 291j-1 - 291j-7)
Sec. 291j-4 - Payment of interest on guaranteed loans
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 6A - PUBLIC HEALTH SERVICE SUBCHAPTER IV - CONSTRUCTION AND MODERNIZATION OF HOSPITALS AND OTHER MEDICAL FACILITIES Part B - Loan Guarantees and Loans for Modernization and Construction of Hospitals and Other Medical Facilities Sec. 291j-4 - Payment of interest on guaranteed loans |
| Contains | section 291j-4 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | July 1, 1944, ch. 373, title VI, §624, as added Pub. L. 91-296, title II, §201, June 30, 1970, 84 Stat. 347. |
| Statutes at Large Reference | 84 Stat. 347 |
| Public and Private Law | Public Law 91-296 |
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(a) Subject to the provisions of subsection (b) of this section, in the case of a guarantee of any loan to a nonprofit private agency under this part with respect to a hospital or other medical facility, the Secretary shall pay, to the holder of such loan and for and on behalf of such hospital or other medical facility amounts sufficient to reduce by 3 per centum per annum the net effective interest rate otherwise payable on such loan. Each holder of a loan, to a nonprofit private agency, which is guaranteed under this part shall have a contractual right to receive from the United States interest payments required by the preceding sentence.
(b) Contracts to make the payments provided for in this section shall not carry an aggregate amount greater than such amount as may be provided in appropriations Acts.
(July 1, 1944, ch. 373, title VI, §624, as added Pub. L. 91–296, title II, §201, June 30, 1970, 84 Stat. 347.)
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