2017 US Code
Title 20 - Education
Chapter 52 - Education for Economic Security
Subchapter V - Asbestos School Hazard Abatement
Sec. 4017 - Recovery of costs

Download PDF
Citation 20 U.S.C. § 4017 (2017)
Section Name §4017. Recovery of costs
Section Text (a) Loan condition

(1) As a condition of the award of any financial assistance under section 4014 of this title, the recipient of any such loan or grant shall permit the United States to sue on behalf of such recipient any person determined by the Attorney General to be liable to the recipient for the costs of any activities undertaken by the recipient under such section.

(2) The proceeds from any judgment recovered in any suit brought by the United States under paragraph (1) (or, if the recipient files a similar suit on its own behalf, the proceeds from a judgment recovered by the recipient in such suit) shall be used to repay to the United States, by deposit in the Asbestos Trust Fund established by section 4022 of this title, to the extent that the proceeds are sufficient to provide for such repayment, an amount equal to the sum of—

(A) the amount (i) outstanding on any loan and (ii) of any grant made to the recipient; and

(B) an amount equal to the interest which would have been charged on such loan were the loan made by a commercial lender at prevailing interest rates (as determined by the Administrator).

(b) Expeditious recovery

The Attorney General shall, where appropriate, proceed in an expeditious manner to recover the amounts expended by the United States to carry out this subchapter from the persons identified by the Attorney General as being liable for such costs.

Source Credit

(Pub. L. 98–377, title V, §508, Aug. 11, 1984, 98 Stat. 1293; Pub. L. 101–637, §§9, 14(a)(8), (b)(10), (11), (c)(5), Nov. 28, 1990, 104 Stat. 4592, 4594–4596.)

Editorial Notes AMENDMENTS

1990—Pub. L. 101–637, §14(a)(8), inserted section catchline.

Subsec. (a). Pub. L. 101–637, §14(b)(10), inserted heading.

Subsec. (a)(1). Pub. L. 101–637, §14(c)(5), substituted "section" for "sections" after "such".

Subsec. (a)(2). Pub. L. 101–637, §9, inserted "by deposit in the Asbestos Trust Fund established by section 4022 of this title," after "repay to the United States,".

Subsec. (b). Pub. L. 101–637, §14(b)(11), inserted heading.

Publication Title United States Code, 2012 Edition, Supplement 5, Title 20 - EDUCATION
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 20 - EDUCATION
CHAPTER 52 - EDUCATION FOR ECONOMIC SECURITY
SUBCHAPTER V - ASBESTOS SCHOOL HAZARD ABATEMENT
Sec. 4017 - Recovery of costs
Contains section 4017
Date 2017
Laws In Effect As Of Date January 12, 2018
Positive Law No
Disposition standard
Statutes at Large References 98 Stat. 1293
104 Stat. 4592
Public Law References Public Law 98-377, Public Law 101-637
Disclaimer: These codes may not be the most recent version. United States may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.