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U.S. Code, Title 42, the Public Health and Welfare
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 291j–4. Payment of Interest on Guaranteed Loans
(a) Subject to the provisions of subsection (b) of this section, 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. 91–296, title II, § 201, June 30, 1970, 84 Stat. 347.)
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Chicago:
"U.S. Congress, Office of the Law Revision Counsel", "§ 291j– 4. Payment of Interest on Guaranteed Loans," U.S. Code, Title 42, the Public Health and Welfare in U.S. Code, Title 42, the Public Health and Welfare (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed July 2, 2025, http://www.originalsources.com/Document.aspx?DocID=GDEBCEMRDBUQSPC.
MLA:
"U.S. Congress, Office of the Law Revision Counsel". "§ 291j– 4. Payment of Interest on Guaranteed Loans." U.S. Code, Title 42, the Public Health and Welfare, in U.S. Code, Title 42, the Public Health and Welfare, Washington, D.C., Government Printing Office, 2002, Original Sources. 2 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=GDEBCEMRDBUQSPC.
Harvard:
"U.S. Congress, Office of the Law Revision Counsel", '§ 291j– 4. Payment of Interest on Guaranteed Loans' in U.S. Code, Title 42, the Public Health and Welfare. cited in 2002, U.S. Code, Title 42, the Public Health and Welfare, Government Printing Office, Washington, D.C.. Original Sources, retrieved 2 July 2025, from http://www.originalsources.com/Document.aspx?DocID=GDEBCEMRDBUQSPC.
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