Page:United States Statutes at Large Volume 106 Part 3.djvu/224

This page needs to be proofread.

106 STAT. 2018 PUBLIC LAW 102-408—OCT. 13, 1992 the school occurred approximately 4 years before the end of the 1-year period involved. "(c) REPORTS BY SECRETARY. —The Secretary shall each fiscal year submit to the Committee on Energy and Commerce of the House of Representatives, and the Committee on Labor and Human Resources of the Senate, a report regarding the administration of this section, including the extent of compliance with the requirements of this section, during the preceding nscal year. " (d) DEFINITIONS. — For purposes of tins section: "(1) The term 'exempt contributions' means exempt Federal capital contributions and exempt school contributions. "(2) The term 'exempt Federal capital contribution' means a Federal capital contribution described in subclause (I) of subsection (a)(2)(A)(ii). "(3) The term 'exempt school contribution' means a school contribution described in subclause (II) of subsection (a)(2)(A)(ii). "(4) The term 'income', with respect to a student fund under section 721, means payments of principal and interest on £my loan made from the fund, and any other earnings of the fund. "(5) The term 'primary health care' means family medicine, general internal medicine, general pediatrics, preventive medicine, or osteopathic general practice. 42 USC 292t. 'nSEC. 724. INDIVIDUALS FROM DISADVANTAGED BACKGROUNDS. "(a) FUND AGREEMENTS REGARDING CERTAIN AMOUNTS. — With respect to amounts appropriated under subsection (f), each agreement entered into under section 721 with a school shall provide (in addition to the provisions required in subsection (b) of such section) that— "(1) any Federal capital contribution made to the student loan fund of the school from such amounts, together with the school contribution appropriate under subsection (b)(2)(B) of such section to the amount of the Federal capital contribution, will be utilized only for the purpose of— "(A) making loans to individuals from disadvantaged backgrounds; and ^B) the costs of the collection of the loans and interest on the loans; and "(2) collections of principal and interest on loans made pursuant to paragraph (1), and any other earnings of the student loan fund attributable to amounts that are in the fund pursuant to such paragraph, will be utilized only for the purpose described in such paragraph.

  • '(b) MINIMUM QUALIFICATIONS FOR SCHOOLS. —The Secretary

may not make a Federal capital contribution for purposes of subsection (a) for a fiscal year unless the health professions school involved— "(1) is carrying out a program for recruiting and retaining students from disadvantaged backgrounds, including racial and ethnic minorities; and "(2) is carrying out a program for recruiting and retaining minority faculty. "(c) CERTAIN AGREEMENTS REGARDING EDUCATION OF STU- DENTS; DATE CERTAIN FOR COMPLIANCE. —The Secretary may not make a Federal capital contribution for purposes of subsection