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42 U.S.C. § 292p — Authorization of appropriations

submitted 82 years ago by Pub. L. 102-408 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 57 words · no verdicts yet

in plain englishAI-generated · not legal advice

Congress authorized whatever funding is needed, for 1993 and later years, to keep the student loan insurance account solvent and to run this subpart. That money stays available until it's spent.

(a) In general For fiscal year 1993 and every year after, Congress authorized whatever amount is necessary to keep the student loan insurance account adequately funded, and to administer this subpart. (b) Availability of sums Money appropriated under (a) stays available until it's spent — it doesn't expire at the end of the fiscal year.
the actual law source: uscode.house.gov ↗public domain
(a) In general

For fiscal year 1993 and subsequent fiscal years, there are authorized to be appropriated such sums as may be necessary for the adequacy of the student loan insurance account under this subpart and for the purpose of administering this subpart.

(b) Availability of sums

Sums appropriated under subsection (a) shall remain available until expended.

Source credit: (July 1, 1944, ch. 373, title VII, § 720, as added Pub. L. 102–408, title I, § 102, Oct. 13, 1992, 106 Stat. 2011.)

history & why it existsrecord from the source credit
  • 1944Enacted · Pub. L. 102-408 · 106 Stat. 2011

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-408 on 1944-07-01.

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