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Title 42, The Public Health and WelfareRelease 119-73not60

§291j–1 Loan Guarantees and Loans

Title 42 › Chapter 6A— PUBLIC HEALTH SERVICE › Subchapter IV— CONSTRUCTION AND MODERNIZATION OF HOSPITALS AND OTHER MEDICAL FACILITIES › Part B— Loan Guarantees and Loans for Modernization and Construction of Hospitals and Other Medical Facilities › § 291j–1

Last updated Apr 5, 2026|Official source

Summary

Between July 1, 1970 and June 30, 1974, the Secretary may help pay for building or modernizing health facilities. The Secretary can promise to pay private lenders the loan principal and interest if nonprofit private agencies get loans for hospitals, long-term care, outpatient, or rehabilitation facilities. The Secretary can also make loans to public agencies for public health centers, public hospitals, and similar facilities; those loans will be sold and guaranteed under the law’s rules. No guaranteed loan or loan may cover more than an amount that, when added to any grant or loan under part A, goes over 90% of the project cost. The Secretary must get help from the Department of Housing and Urban Development, with that department’s consent, to run this program efficiently and cheaply.

Full Legal Text

Title 42, §291j–1

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

(a)(1)In order to assist nonprofit private agencies to carry out needed projects for the modernization or construction of nonprofit private hospitals, facilities for long-term care, outpatient facilities, and rehabilitation facilities, the Secretary, during the period July 1, 1970, through June 30, 1974, may, in accordance with the provisions of this part, guarantee to non-Federal lenders making loans to such agencies for such projects, payment of principal of and interest on loans, made by such lenders, which are approved under this part.
(2)In order to assist public agencies to carry out needed projects for the modernization or construction of public health centers, and public hospitals, facilities for long-term care, outpatient facilities, and rehabilitation facilities, the Secretary, during the period July 1, 1970, through June 30, 1974, may, in accordance with the provisions of this part, make loans to such agencies which shall be sold and guaranteed in accordance with section 291j–7 of this title.
(b)(1)No loan guarantee under this part with respect to any modernization or construction project may apply to so much of the principal amount thereof as, when added to the amount of any grant or loan under part A with respect to such project, exceeds 90 per centum of the cost of such project.
(2)No loan to a public agency under this part shall be made in an amount which, when added to the amount of any grant or loan under part A with respect to such project, exceeds 90 per centum of the cost of such project.
(c)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.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1973—Subsec. (a). Pub. L. 93–45 extended termination date of guarantee and loan making period in pars. (1) and (2) from
June 30, 1973, to
June 30, 1974.

Reference

Citations & Metadata

Citation

42 U.S.C. § 291j–1

Title 42, The Public Health and Welfare

Last Updated

Apr 5, 2026

Release point: 119-73not60