
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC291m-1]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                    CHAPTER 6A--PUBLIC HEALTH SERVICE
 
  SUBCHAPTER IV--CONSTRUCTION AND MODERNIZATION OF HOSPITALS AND OTHER 
                           MEDICAL FACILITIES
 
                       Part D--General Provisions
 
Sec. 291m-1. Loans for certain hospital experimentation projects


(a) Other public or private sources unavailable for alleviation of 
        hardship due to increased construction costs

    In order to alleviate hardship on any recipient of a grant under 
section 291n \1\ of this title (as in effect immediately before August 
18, 1964) for a project for the construction of an experimental or 
demonstration facility having as its specific purpose the application of 
novel means for the reduction of hospital costs with respect to which 
there has been a substantial increase in the cost of such construction 
(over the estimated cost of such project on the basis of which such 
grant was made) through no fault of such recipient, the Secretary is 
authorized to make a loan to such recipient not exceeding 66\2/3\ per 
centum of such increased costs, as determined by the Secretary, if the 
Secretary determines that such recipient is unable to obtain such an 
amount for such purpose from other public or private sources.
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    \1\ See References in Text note below.
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(b) Application; form; information

    Any such loan shall be made only on the basis of an application 
submitted to the Secretary in such form and containing such information 
and assurances as he may prescribe.

(c) Interest; repayment period

    Each such loan shall bear interest at the rate of 2\1/2\ per centum 
per annum on the unpaid balance thereof and shall be repayable over a 
period determined by the Secretary to be appropriate, but not exceeding 
fifty years.

(d) Authorization of appropriation

    There are hereby authorized to be appropriated $3,500,000 to carry 
out the provisions of this section.

(July 1, 1944, ch. 373, title VI, Sec. 643A, formerly Sec. 623A, as 
added Pub. L. 90-174, Sec. 11, Dec. 5, 1967, 81 Stat. 541, and 
renumbered Sec. 643A, Pub. L. 91-296, title II, Sec. 201, June 30, 1970, 
84 Stat. 344.)

                       References in Text

    Section 291n of this title, referred to in subsec. (a), was repealed 
by Pub. L. 90-174, Sec. 3(b)(1), Dec. 5, 1967, 81 Stat. 535.
