Page:United States Statutes at Large Volume 108 Part 4.djvu/375

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PUBLIC LAW 103-337—OCT. 5, 1994 108 STAT. 3009 "(c) If a portion of a loan is repaid under this section for any year, interest on the remainder of the loan shall accrue and be paid in the same manner as is otherwise required. "(d) Nothing in this section shall be construed to authorize refunding any repayment of a loan. "(e) A person who trgmsfers from service making the person eligible for repayment of loans under this section (as described in subsection (a)(2)) to service making the person eligible for repay- ment of loans under section 2171 of this title (as described in subsection (a)(2) of that section) during a year shall be eligible to have repaid a portion of such loan determined by giving appropriate fractional credit for each portion of the year so served, in accordance with regulations of the Secretary concerned. "(f) The Secretary of Defense shall, by regulation, prescribe Regulations, a schedule for the allocation of funds made available to carry out the provisions of this section and section 2171 of this title during any year for which funds are not sufficient to pay the sum of the amounts eligible for repayment under subsection (a) and section 2171(a) of this title.". (2)(A) Section 2172 is transferred to the end of chapter 1609, as added by paragraph (1), and redesignated as section 16302. (B) The heading of such section is amended to read as follows:

  • ^§ 16302. Education loan repayment program: health professions officers serving in Selected Reserve with

wartime critical medical skill shortages". (e) CONFORMING AMENDMENTS.— Section 2171 is amended as ioUSC 2i7i. follows: (1) Subsection (a)(1)(B) is amended by striking out "or" after "(B)". (2) Subsection (a)(2) is amended— (A) in the first sentence, by striking out "person for— " and all that follows through "(B) service performed" and inserting in lieu thereof "person for service performed"; and (B) by striking out the second sentence. (3) Subsection (b) is amended to read as follows: "(b) The portion or amount of a loan that may be repaid under subsection (a) is 33V3 percent or $1,500, whichever is greater, for each year of service.". (4) Subsection (e) is amended by striking out "Any individual who transfers from service described in clause (A) or (B) of subsection (a)(2) to service described in the other clause of such subsection" and inserting in lieu thereof "A person who transfers from service making the person eligible for repay- ment of loans under this section (as described in subsection (a)(2)) to service making the person eligible for repayment of loans under section 16301 of this title (as described in subsection (a)(2) of that section)". (5) Subsection (f) is amended— (A) by inserting "and section 16301 of this title" after "this section"; and (B) by inserting "and section 16301(a) of this title" after "subsection (a)". (6) The heading of such section is amended to read as follows: