PUBLIC LAW 105-392—NOV. 13, 1998 112 STAT. 3575 (b) NONCOMPLIANCE. —Section 723(a)(3) of the Public Health Service Act (42 U.S.C. 292s(a)(3)) is amended to read as follows: " (3) NONCOMPLIANCE BY STUDENT.— Each agreement entered into with a student pursuant to paragraph (1) shall provide that, if the student fails to comply with such agreement, the loan involved will begin to accrue interest at a rate of 18 percent per year beginning on the date of such noncompliance.". (c) REPORT REQUIREMENT.— Section 723 of the Public Health Service Act (42 U.S.C. 292s) is amended— (1) by striking subsection (c); and (2) by redesignating subsection (d) as subsection (c). SEC. 132. LOANS FOR DISADVANTAGED STUDENTS. (a) AUTHORIZATION OF APPROPRIATIONS. —Section 724(f)(1) of the Public Health Service Act (42 U.S.C. 292t(0(l)) is amended by striking "$15,000,000 for fiscal year 1993" and inserting "$8,000,000 for each of the fiscal years 1998 through 2002". (b) REPEAL. —Effective October 1, 2002, paragraph (1) of section 724(f) of the Public Health Service Act (42 U.S.C. 292t(f)(l)) is repealed. SEC. 133. STUDENT LOANS REGARDING SCHOOLS OF NURSING. (a) IN GENERAL. —Section 836(b) of the Public Health Service Act (42 U.S.C. 297b(b)) is amended— (1) in paragraph (1), by striking the period at the end and inserting a semicolon; (2) in paragraph (2)— (A) in subparagraph (A), by striking "and" at the end; and (B) by inserting before the semicolon at the end the following: ", and (C) such additional periods under the terms of paragraph (8) of this subsection"; (3) in paragraph (7), by striking the period at the end and inserting "; and"; and (4) by adding at the end the following paragraph: "(8) pursuant to uniform criteria established by the Secretary, the repayment period established under paragraph (2) for any student borrower who during the repayment period failed to make consecutive pa5nm.ents and who, during the last 12 months of the repayment period, has made at least 12 consecutive payments may be extended for a period not to exceed 10 years.". (b) MINIMUM MONTHLY PAYMENTS.— Section 836(g) of the Public Health Service Act (42 U.S.C. 297b(g)) is amended by striking "$15" and inserting "$40". (c) ELIMINATION OF STATUTE OF LIMITATION FOR LOAN COLLEC- TIONS.— (1) IN GENERAL.— Section 836 of the Public Health Service Act (42 U.S.C. 297b) is amended by adding at the end the following new subsection: "(1) ELIMINATION OF STATUTE OF LIMITATION FOR LOAN COLLEC- TIONS.— "(1) PURPOSE. — It is the purpose of this subsection to ensure that obligations to repay loans under this section are enforced without regard to any Federal or State statutory, regulatory, or administrative limitation on the period within which debts may be enforced.
�
