[Code of Federal Regulations]

[Title 42, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 42CFR53.156]



[Page 232]

 

                         TITLE 42--PUBLIC HEALTH

 

    CHAPTER I--PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN 

                                SERVICES

 

PART 53_GRANTS, LOANS AND LOAN GUARANTEES FOR CONSTRUCTION AND 

MODERNIZATION OF HOSPITALS AND MEDICAL FACILITIES--Table of Contents

 

               Subpart N_Loan Guarantees and Direct Loans

 

Sec. 53.156  Fees for modification requests.



    (a) Fees will be charged for the processing of requests for parity, 

and for major and minor modifications of the terms of documents 

evidencing and securing direct and guaranteed loans. In accordance with 

the requirements of the User Charge Statute, 31 U.S.C. 9701(b), the 

Secretary determines the amount of the application fee that must be 

submitted with each type of modification.

    (1) As used in this section, a request for parity allows new debt to 

share lien position (i.e. collateral) with an existing Hill-Burton loan.

    (2) As used in this section, a major modification is any 

modification involving the release of $100,000 or more of collateral; a 

corporate restructuring that involves a transfer of assets; master 

indenture requests; modifications to a sinking fund; defeasance requests 

and requests for additional secured indebtedness; and any, other 

modification that involves a comparably significant use of Department 

resources.

    (3) As used in this section, a minor modification is any 

modification involving the release of less than $100,000 of collateral; 

an easement; and any other modification that involves a comparable use 

of Department resources.

    (b) A request for modification is to be accompanied by a certified 

check or money order in the amount of the appropriate fee, payable to 

the U.S. Treasury. The fees for modification requests submitted on or 

after October 28, 1986 are as follows:

    (1) $1,500 for a minor modification,

    (2) $4,500 for a major modification, and

    (3) $5,500 for a request for parity.

    (c) A submitter may withdraw its request for modification within 10 

business days following its receipt and receive a refund of the fee.

    (d) If the Secretary determines that a change in the amount of a fee 

is appropriate, the Department will issue a notice of proposed 

rulemaking in the Federal Register to announce the proposed amount.



[51 FR 39376, Oct. 28, 1986]