 
      CHAPTER 28--HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
 
                    SUBCHAPTER IV--STUDENT ASSISTANCE
 
           Part C--William D. Ford Federal Direct Loan Program
 
Sec. 1087g. Regulatory activities


(a) Notice in lieu of regulations for first year of program

     (1) Notice in lieu of regulations for first year of program

        The Secretary shall publish in the Federal Register whatever 
    standards, criteria, and procedures, consistent with the provisions 
    of this part, the Secretary, in consultation with members of the 
    higher education community, determines are reasonable and necessary 
    to the successful implementation of the first year of the direct 
    student loan program authorized by this part. Section 1232 \1\ of 
    this title shall not apply to the publication of such standards, 
    criteria, and procedures.
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    \1\ See References in Text note below.
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                      (2) Negotiated rulemaking

        Beginning with academic year 1995-1996, all standards, criteria, 
    procedures, and regulations implementing this part as amended by the 
    Student Loan Reform Act of 1993 shall, to the extent practicable, be 
    subject to negotiated rulemaking, including all such standards, 
    criteria, procedures, and regulations promulgated from August 10, 
    1993.

(b) Closing date for applications from institutions

    The Secretary shall establish a date not later than October 1, 1993, 
as the closing date for receiving applications from institutions of 
higher education desiring to participate in the first year of the direct 
loan program under this part.

(c) Publication of list of participating institutions

    Not later than January 1, 1994, the Secretary shall publish in the 
Federal Register a list of the institutions of higher education selected 
to participate in the first year of the direct loan program under this 
part.

(Pub. L. 89-329, title IV, Sec. 457, as added Pub. L. 102-325, title IV, 
Sec. 451, July 23, 1992, 106 Stat. 572; amended Pub. L. 103-66, title 
IV, Sec. 4021, Aug. 10, 1993, 107 Stat. 352.)

                       References in Text

    Section 1232 of this title, referred to in subsec. (a)(1), was in 
the original a reference to section 431 of the General Education 
Provisions Act. Sections 422 and 431 of that Act were renumbered as 
sections 431 and 437, respectively, by Pub. L. 103-382, title II, 
Sec. 212(b)(1), Oct. 20, 1994, 108 Stat. 3913, and are classified to 
sections 1231a and 1232, respectively, of this title.
    The Student Loan Reform Act of 1993, referred to in subsec. (a)(2), 
is subtitle A (Secs. 4011-4047) of title IV of Pub. L. 103-66, Aug. 10, 
1993, 106 Stat. 341. For complete classification of this Act to the 
Code, see Short Title of 1993 Amendments note set out under section 1001 
of this title and Tables.


                               Amendments

    1993--Pub. L. 103-66 amended section generally, substituting 
provisions relating to regulatory activities for former provisions 
relating to loan collection functions under competitive procurement 
contracts.


                             Effective Date

    Section effective Oct. 1, 1992, see section 2 of Pub. L. 102-325, 
set out as an Effective Date of 1992 Amendment note under section 1001 
of this title.

                  Section Referred to in Other Sections

    This section is referred to in sections 1087c, 1087e of this title.
