Page:United States Statutes at Large Volume 99 Part 1.djvu/553

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PUBLIC LAW 99-000—MMMM. DD, 1985

PUBLIC LAW 99-129—OCT. 22, 1985 Health Service Act and clause (vii) of section 731(a)(2)(C) of such Act (as added by the amendments made by paragraphs (1) and (2)(D) of this subsection, respectively). Such regulations shall— (A) prescribe criteria for the determination of the types of fellowship training programs and full-time educational activities which will be permitted under such clauses; and (B) establish procedures for a borrower to apply to the Secretary for a determination concerning whether a particular fellowship training program or full-time educational activity will be permitted under such clauses. (c)(1) Section 731(b) is amended by striking out "3y2" and inserting in lieu thereof "3". (2) The amendment made by paragraph (1) of this subsection shall apply to any loan insured under subpart I of part C of title VII of the Public Health Service Act after the date of enactment of this Act. (d) Section 731(c) is amended— (1) by striking out "section 731(a)(2)(C)" and inserting in lieu thereof "subsection (a)(2)(C)"; and (2) by inserting before the period a comma and "unless the borrower, in the written agreement described in subsection (a)(2), agrees to make payments during any year or any repayment period in a lesser amount". (e) Section 732(c) is amended— (1) by redesignating clauses (1) and (2) of the second sentence as clauses (A) and (B), respectively; (2) by inserting "(1)" before "The" in the first sentence; (3) by striking out "2 percent per year" in the first sentence and inserting in lieu thereof "8 percent"; (4) by striking out "in advance, at such times" in the first sentence and inserting in lieu thereof "in advance at the time the loan is made"; and (5) by adding at the end thereof the following new paragraph: "(2) The Secretary may not increase the percentage on the principal balance of loans charged pursuant to paragraph (1) for insurance premiums, unless the Secretary has, prior to any such increase— "(A) requested a qualified public accounting firm to evaluate whether an increase in such percentage is necessary to ensure the solvency of the student loan fund established by section 734, and to determine the amount of such an increase, if necessary; and "(B) such accounting firm has recommended such an increase and has determined the amount of such increase necessary to ensure the solvency of such fund. The Secretary may not increase such percentage in excess of the maximum percentage permitted by paragraph (1) or increase such percentage by an amount in excess of the amount of the increase determined by a qualified accounting firm pursuant to this paragraph.". (0 The first sentence of subsection (a) of section 734 and the first sentence of subsection (b) of such section are each amended by inserting "collection or" before "default". (g)(1) Section 729(a) is amended by inserting "allied health," after "public health," each place it appears. (2) Section 737 (as amended by sections 201(c) and 204(c) of this Act) is further amended—

99 STAT. 531

42 USC 294d. 42 USC 294d note. 42 USC 294. 42 USC 294d.

42 USC 294e.


42 USC 294g.


42 USC 294g. 42 USC 294b. 42 USC 294j.