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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 42 U.S.C. § 291j4 Payment of interest on guaranteed loans us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 6A PUBLIC HEALTH SERVICE 291j4 42 U.S.C. § 291j4 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s291j4 data/legal/raw/us/code/title-42/usc42.xml a9aa7435b91edd5112c0bf2eeef1c6ab04764c39bc9b19e3b0796ae12a9b1d8e 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e 0e31bc8bf2da0a0212794661b7cf7ecdf92236b924f28b3dd8dd7cc64d073ef0 2026-07-04 official
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42 U.S.C. § 291j4 - Payment of interest on guaranteed loans

Text

(a) Subject to the provisions of subsection (b), in the case of a guarantee of any loan to a nonprofit private agency under this part with respect to a hospital or other medical facility, the Secretary shall pay, to the holder of such loan and for and on behalf of such hospital or other medical facility amounts sufficient to reduce by 3 per centum per annum the net effective interest rate otherwise payable on such loan. Each holder of a loan, to a nonprofit private agency, which is guaranteed under this part shall have a contractual right to receive from the United States interest payments required by the preceding sentence.

(b) Contracts to make the payments provided for in this section shall not carry an aggregate amount greater than such amount as may be provided in appropriations Acts.

(July 1, 1944, ch. 373, title VI, § 624, as added Pub. L. 91296, title II, § 201, June 30, 1970, 84 Stat. 347.)