PUBLIC LAW 107-205—AUG. 1, 2002 116 STAT. 817 "(c) APPLICATION.— An eligible entity desiring a grant under subsection (a) shall submit an application to the Secretary at such time, in such manner, and containing such information as the Secretary may reasonably require. "(d) ELIGIBLE ENTITY. — For purposes of this section, the term 'eligible entity' includes a school of nursing, a health care facility, a program leading to certification as a certified nurse assistant, a partnership of such a school and facility, or a partnership of such a program and facility. "(e) AUTHORIZATION OF APPROPRIATIONS.—T here are authorized to be appropriated to carry out this section such sums as may be necessary for each of fiscal years 2003 through 2007.". (b) TECHNICAL AMENDMENT.— Section 753(a)(1) of the Public Health Service Act (42 U.S.C. 294c) is amended by striking ", and section 853(2)," and inserting ", and section 801(2),". SEC. 203. NURSE FACULTY LOAN PROGRAM. Part E of title VIII of the Public Health Service Act (42 U.S.C. 297a et seq.) is amended by inserting after section 846 the following: "NURSE FACULTY LOAN PROGRAM "SEC. 846A. (a) ESTABLISHMENT. — The Secretary, acting 42 USC 297n-i. through the Administrator of the Health Resources and Services Administration, may enter into an agreement with any school of nursing for the establishment and operation of a student loan fund in accordance with this section, to increase the number of qualified nursing faculty. "(b) AGREEMENTS.— Each agreement entered into under subsection (a) shall— "(1) provide for the establishment of a student loan fund by the school involved; "(2) provide for deposit in the fund of— "(A) the Federal capital contributions to the fund; "(B) an amount equal to not less than one-ninth of such Federal capital contributions, contributed by such school; "(C) collections of principal and interest on loans made ' from the fund; and "(D) any other earnings of the fund; "(3) provide that the fund will be used only for loans to students of the school in accordance with subsection (c) and for costs of collection of such loans and interest thereon; "(4) provide that loans may be made from such fund only to students pursuing a full-time course of study or, at the discretion of the Secretary, a part-time course of study in an advanced degree program described in section 811(b); and "(5) contain such other provisions as are necessary to protect the financial interests of the United States. "(c) LOAN PROVISIONS. —Loans from any student loan fund established by a school pursuant to an agreement under subsection (a) shall be made to an individual on such terms and conditions as the school may determine, except that— "(1) such terms and conditions are subject to any conditions, limitations, and requirements prescribed by the Secretary; "(2) in the case of any individual, the total of the loans for any academic year made by schools of nursing from loan funds established pursuant to agreements under subsection
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