§ 300q. Loan and loan guarantee authority
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(a)Covered projects: duration; payment of principal and interest on loans for covered projects: duration; payments for reduction of interest rate
(1)The Secretary, during the period ending September 30, 1982, may, in accordance with this part, make loans from the fund established under section 300q–2(d) of this title to any public or nonprofit private entity for projects for—
(A)the discontinuance of unneeded hospital services or facilities,1
(B)the conversion of unneeded hospital services and facilities to needed health services and medical facilities, including outpatient medical facilities and facilities for long-term care;
(C)the renovation and modernization of medical facilities, particularly projects for the prevention or elimination of safety hazards, projects to avoid noncompliance with licensure or accreditation standards, or projects to replace obsolete facilities;
(D)the construction of new outpatient medical facilities; and
(E)the construction of new inpatient medical facilities in areas which have experienced (as determined by the Secretary) recent rapid population growth.
(A)The Secretary, during the period ending September 30, 1982, may, in accordance with this part, guarantee to—
(i)non-Federal lenders for their loans to public and nonprofit private entities for medical facilities projects described in paragraph (1), and
(ii)the Federal Financing Bank for its loans to public and nonprofit private entities for such projects,
payment of principal and interest on such loans.
(B)In the case of a guarantee of any loan to a public or nonprofit private entity under subparagraph (A)(i) which is located in an urban or rural poverty area, the Secretary may pay, to the holder of such loan and for and on behalf of the project for which the loan was made, amounts sufficient to reduce by not more than one half the net effective interest rate otherwise payable on such loan if the Secretary finds that without such assistance the project could not be undertaken.
(b)Amount of loans for medical facilities projects and such projects in urban or rural poverty areas The principal amount of a loan directly made or guaranteed under subsection
(a)for a medical facilities project, when added to any other assistance provided such project under part B, may not exceed 90 per centum of the cost of such project unless the project is located in an area determined by the Secretary to be an urban or rural poverty area, in which case the principal amount, when added to other assistance under part B, may cover up to 100 per centum of such costs.
(c)Limitation on cumulative total of principal of outstanding loans The cumulative total of the principal of the loans outstanding at any time with respect to which guarantees have been issued, or which have been directly made, may not exceed such limitations as may be specified in appropriation Acts.
(d)Administrative assistance of Department of Housing and Urban Development The Secretary, with the consent of the Secretary of Housing and Urban Development, shall obtain from the Department of Housing and Urban Development such assistance with respect to the administration of this part as will promote efficiency and economy thereof.
(July 1, 1944, ch. 373, title XVI, § 1601, formerly § 1620, as added Pub. L. 93–641, § 4, Jan. 4, 1975, 88 Stat. 2264; amended Pub. L. 94–273, § 2(21), Apr. 21, 1976, 90 Stat. 376; Pub. L. 95–83, title I, § 106(x)(1), Aug. 1, 1977, 91 Stat. 385; renumbered § 1601 and amended Pub. L. 96–79, title II, §§ 201(b)(1), 203(a)(1), (2), Oct. 4, 1979, 93 Stat. 630, 635.)
Connections22 cite this · traces to 1
Cited by 22 sections · top 16
U.S. Code
statutes-at-large
- Public Law 93–641
- Public Law 96–79To amend titles XV and XVI of the Public Health Service Act to revise and extend the authorities and requirements under those titles for health planning and health resources development, and for other purposes
- Public Law 95–83To amend the Public Health Service Act to extend through the fiscal year ending September 30, 1978, the assistance programs for health services research ; health statistics: comprehensive public health services; hypertension programs; migrant health; community health centers; medical libraries; canc
bill
- Sec. 9Capital infrastructure revolving loan program
- Sec. 10Capital infrastructure revolving loan program
- Sec. 31002Funding for hospital infrastructure
- Sec. 302Planning and Evaluation Grant Program
- Sec. 3Planning and Evaluation Grant Program
- Sec. 302Planning and Evaluation Grant Program
- Sec. 3Planning and Evaluation Grant Program
Traces to 1 document
19 references not yet in our index
- 1
- July 1, 1944, ch. 373
- Pub. L. 93–641, § 4
- 88 Stat. 2264
- Pub. L. 94–273, § 2(21)
- 90 Stat. 376
- Pub. L. 95–83, title I, § 106(x)(1)
- 91 Stat. 385
- Pub. L. 96–79, title II
- 93 Stat. 630
- act July 1, 1944, ch. 373, title XVI
- 88 Stat. 2258
- Pub. L. 96–79, § 202(a)
- Pub. L. 96–79
- Pub. L. 96–79, § 201(b)(1)
- Pub. L. 95–83
- Pub. L. 94–273
- Pub. L. 96–79, title II, § 204
- 93 Stat. 636
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cites case law
§ 300q
Loan and loan guarantee authority
U.S.C.×8
Bills×7
Stat.×5
Fed. Reg.×2
Cite1
ActJuly 1, 1944, ch. 373
Pub. L.Pub. L. 93–641, § 4
Stat.88 Stat. 2264
Pub. L.Pub. L. 94–273, § 2(21)
Cites 20 · showing 6Cited by 22 across 4 sources