Sec. 474. Updated tables and amounts for income protection allowance
247 words·~1 min read·
/bill/113/s/2954/is/section-474A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 478(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1087rr(b) ) is amended— in paragraph (1), by striking subparagraphs
(A)and
(B)and inserting the following: For each academic year after academic year 2015–2016, the Secretary shall publish in the Federal Register a revised table of income protection allowances for the purpose of sections 475(c)(4) and 477(b)(4), subject to subparagraphs
(B)and (C). For each academic year after academic year 2015–2016, the Secretary shall develop the revised table of income protection allowances by increasing each of the dollar amounts contained in the table of income protection allowances under section 477(b)(4)(D) by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) between December 2014 and the December next preceding the beginning of such academic year, and rounding the result to the nearest $10. ; and in paragraph (2), by striking shall be developed and all that follows through the period at the end and inserting shall be developed for each academic year after academic year 2015–2016, by increasing each of the dollar amounts contained in such section for academic year 2015–2016 by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) between December 2014 and the December next preceding the beginning of such academic year, and rounding the result to the nearest $10. . The amendments made by subsection
(a)shall take effect on July 1, 2015.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 474
Updated tables and amounts for income protection allowance
Cites 1Cited by 0 across 0 sources