78 STAT. ]
913
PUBLIC LAW 88-581-SEPT. 4, 1%4
" (c) For the purposes of this section— "(1) the term 'federally-sponsored student' means any student ^ "nror^e'd^fuenroUed in a public or nonprofit private diploma school of nurs- dent." ing on a full-time basis who has received for that year a loan of $100 or more from a loan fund established pursuant to section 822; and "(2) the full-time enrollment in any school and the number of federally-sponsored students in any school shall be determined as of February 15 of each fiscal year. " P A R T B—ASSISTANCE TO NURSING STUDENTS " T R A I N E E S H I P S FOR ADVANCED T R A I N I N G O F PROFESSIONAL NURSES
"SEC. 821. (a) There are authorized to be appropriated $8,000,000 for the fiscal year ending June 30, 1965, $9,000,000 for the fiscal year ending June 30, 1966, $10,000,000 for the fiscal year ending June 30, 1967, $11,000,000 for the fiscal year ending June 30, 1968, and $12,000,000 for the fiscal year ending June 30, 1969, to cover the cost of traineeships for the training of professional nurses to teach in the various fields of nurse training (including practical nurse training), to serve in administrative or supervisory capacities, or to serve in other professional nursing specialties determined by the Surgeon General to require advanced training. "(b) Traineeships under this section shall be awarded by the Surgeon General through grants to public or nonprofit private institutions providing the training. "(c) Payments to institutions under this section may be made in advance or by way of reimbursement, and at such intervals and on such conditions, as the Surgeon General finds necessary. Such payments may be used only for traineeships and shall be limited to such amounts as the Surgeon General finds necessary to cover the costs of tuition and fees, and a stipend and allowances (including travel and subsistence expenses) for the trainees. "LOAN AGREEMENTS
"SEC. 822. (a) The Secretary of Health, Education, and Welfare is authorized to enter into an agreement for the establishment and operation of a student loan fund in accordance with this part with any public or nonprofit private school of nursing which is located in a State. "(b) Each agreement entered into under this section shall— "(1) provide for establishment of a student loan fund by the school; " (2) provide for deposit in the fund of (A) the Federal capital contributions paid under this part to the school by the Secretary, (B) an additional amount from other sources equal to not less than one-ninth of such Federal capital contributions, (C) collections of principal and interest on loans made from the fund, and (D) any other e a r n i n g of the fund; "(3) provide that the fund shall be used only for loans to students of the school in accordance with the agreement 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 at the school leading to a baccalaureate or associate degree in nursing or an equivalent degree or a diploma in nursing, or to a graduate degree in nursing, and that while the agreement remains in effect no such student who has attended such school before July 1, 1969, shall receive a loan
Appropriation.
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