[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: 42CFR57.1510]



[Page 295]

 

                         TITLE 42--PUBLIC HEALTH

 

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

                                SERVICES

 

PART 57_GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL 

IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS--Table of Contents

 

     Subpart P_Loan Guarantees and Interest Subsidies to Assist in 

   Construction of Teaching Facilities for Health Profession Personnel

 

Sec. 57.1510  Security for loans.



    Each loan with respect to which a guarantee is made or interest 

subsidies are paid under this subpart shall be secured in a manner which 

the Secretary finds reasonably sufficient to insure repayment. The 

security may be one or a combination of the following:

    (a) A first mortgage on the facility and site thereof.

    (b) Negotiable stocks or bonds of a quality and value acceptable to 

the Secretary.

    (c) A pledge of unrestricted and unencumbered income from an 

endowment or other trust fund acceptable to the Secretary.

    (d) A pledge of a specified portion of annual general or special 

revenues of the applicant acceptable to the Secretary.

    (e) Such other security as the Secretary may find acceptable in 

specific instances.