§291j–5 — Title 42 The Public Health and Welfare | U.S. Code

§291j–5 Limitation on amounts of loans guaranteed or directly made

Title 42 › Chapter CHAPTER 6A— - PUBLIC HEALTH SERVICE › Subchapter SUBCHAPTER IV— - CONSTRUCTION AND MODERNIZATION OF HOSPITALS AND OTHER MEDICAL FACILITIES › Part Part B— - Loan Guarantees and Loans for Modernization and Construction of Hospitals and Other Medical Facilities › § 291j–5

Last updated Apr 6, 2026|Official source

Summary

The total principal of loans outstanding at any time that are guaranteed or made under this program must not be more than the smaller of two amounts: the limit set by Congress in appropriations bills, or yearly caps of $500,000,000 for the year ending June 30, 1971; $1,000,000,000 for the year ending June 30, 1972; and $1,500,000,000 for each of the years ending June 30, 1973 and June 30, 1974.

Title 42, §291j–5

The Public Health and Welfare — Source: USLM XML via OLRC

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, under this part may not exceed the lesser of— (1)

(2)in the case of loans covered by allotments for the fiscal year ending June 30, 1971, $500,000,000; for the fiscal year ending June 30, 1972, $1,000,000,000; and for each of the fiscal years ending June 30, 1973, and June 30, 1974, $1,500,000,000.

Editorial Notes

Amendments

1973—Pub. L. 93–45 provided for a limitation of $1,500,000,000 on amount of loans outstanding in the case of loans covered by allotments for fiscal year ending June 30, 1974.

§291j–5 Limitation on amounts of loans guaranteed or directly made

Summary

Title 42, §291j–5

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata