 
               CHAPTER 52--EDUCATION FOR ECONOMIC SECURITY
 
             SUBCHAPTER V--ASBESTOS SCHOOL HAZARD ABATEMENT
 
Sec. 4017. Recovery of costs


(a) Loan condition

    (1) As a condition of the award of any financial assistance under 
section 4014 of this title, the recipient of any such loan or grant 
shall permit the United States to sue on behalf of such recipient any 
person determined by the Attorney General to be liable to the recipient 
for the costs of any activities undertaken by the recipient under such 
section.
    (2) The proceeds from any judgment recovered in any suit brought by 
the United States under paragraph (1) (or, if the recipient files a 
similar suit on its own behalf, the proceeds from a judgment recovered 
by the recipient in such suit) shall be used to repay to the United 
States, by deposit in the Asbestos Trust Fund established by section 
4022 of this title, to the extent that the proceeds are sufficient to 
provide for such repayment, an amount equal to the sum of--
        (A) the amount (i) outstanding on any loan and (ii) of any grant 
    made to the recipient; and
        (B) an amount equal to the interest which would have been 
    charged on such loan were the loan made by a commercial lender at 
    prevailing interest rates (as determined by the Administrator).

(b) Expeditious recovery

    The Attorney General shall, where appropriate, proceed in an 
expeditious manner to recover the amounts expended by the United States 
to carry out this subchapter from the persons identified by the Attorney 
General as being liable for such costs.

(Pub. L. 98-377, title V, Sec. 508, Aug. 11, 1984, 98 Stat. 1293; Pub. 
L. 101-637, Secs. 9, 14(a)(8), (b)(10), (11), (c)(5), Nov. 28, 1990, 104 
Stat. 4592, 4594-4596.)


                               Amendments

    1990--Pub. L. 101-637, Sec. 14(a)(8), inserted section catchline.
    Subsec. (a). Pub. L. 101-637, Sec. 14(b)(10), inserted heading.
    Subsec. (a)(1). Pub. L. 101-637, Sec. 14(c)(5), substituted 
``section'' for ``sections'' after ``such''.
    Subsec. (a)(2). Pub. L. 101-637, Sec. 9, inserted ``by deposit in 
the Asbestos Trust Fund established by section 4022 of this title,'' 
after ``repay to the United States,''.
    Subsec. (b). Pub. L. 101-637, Sec. 14(b)(11), inserted heading.

                  Section Referred to in Other Sections

    This section is referred to in sections 4019, 4022 of this title.
