42-U.S.C.-291J-4
§291J-4 – §291J-4. Payment of Interest On Guaranteed Loans
Pathway
Title 42 > Chapter 6A > Subchapter IV > Part B > Section 291j-4
Details
- Reference: Section 291j-4
- Legend: §291J-4 – §291J-4. Payment of Interest On Guaranteed Loans
- USCode Year: 2011
Provision Content
(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.)
U.S. Encyclopedia of Law Coverage
42-U.S.C.-291J-1 in the Legal Encyclopedia: Public Health
In this entry about 42-U.S.C.-291J-1, find legal reference material, bibliographies and premiere content related to public health in the American Encyclopedia of Law, presenting a comprehensive view of the United States public health-specific issues, written by authorities in the field.
42-U.S.C.-291J-4 in the Legal Encyclopedia: Public Health Service
In this entry about 42-U.S.C.-291J-4, find legal reference material, bibliographies and premiere content related to public health service in the American Encyclopedia of Law, presenting a comprehensive view of the United States public health service-specific issues, written by authorities in the field.
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