A prior section 1601 of act July 1, 1944, ch. 373, title XVI, as added Jan. 4, 1975, Pub. L. 93–641
, § 4,
Stat. 2258, was classified to section
of this title, prior to repeal by Pub. L. 96–79
, § 202(a).
1979—Subsec. (a). Pub. L. 96–79
, §§ 201(b)(1),
, added par. (1); substituted reference to section
for 1622(d), set out in text as “section
of this title”; incorporated in par. (2) former subsec. (b) provisions made applicable for period ending Sept. 30, 1982, previously covering period beginning July 1, 1974, and ending Sept. 30, 1978, extended provisions to public entities, struck out existing condition that applications for assistance under subchapter be approved under former section
of this title, substituted in subpar. (2)(B) provision for payment of amounts sufficient to reduce by not more than one half net effective interest otherwise payable on the loan for prior provision for amounts sufficient to reduce by 3 per centum per annum net effective interest rate on the loan, and struck out provision granting contractual right of holder of a guaranteed loan to receive from the United States such interest payments.
Subsec. (b). Pub. L. 96–79
, § 201(b)(1), added subsec. (b) and incorporated existing provisions of subsec. (b) relating to loan guarantee authority for payment of principal and interest on loans for approved projects, their duration, and payments for reduction of interest rate in subsec. (a)(2) of this section.
1977—Subsecs. (a), (b)(1). Pub. L. 95–83
substituted “September 30, 1978” for “September 30, 1977”.
1976—Subsecs. (a), (b)(1). Pub. L. 94–273
substituted “September” for “June”.
Section 204 ofPub. L. 96–79
provided that: “The amendments made by this title [enacting sections
, amending this section and sections
, and repealing sections
of this title] shall take effect October 1, 1979, except that the amendments made by section
[amending this section and section
of this title] respecting the payment of an interest subsidy for a loan or loan guarantee made under part A of title XVI of the Public Health Service Act [this part] shall apply only with respect to loans and loan guarantees made after October 1, 1979, and with respect to loans and loan guarantees made under such part before such date the Secretary shall continue to pay the interest subsidy authorized for such loans and loan guarantees before such date.”