[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: 42CFR57.313a]



[Page 288]

 

                         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 D_Nursing Student Loans

 

Sec. 57.313a  Loan cancellation reimbursement.



    In the event that insufficient funds are available to the Secretary 

in any fiscal year to enable him or her to pay to all schools their 

proportionate shares of all loans and interest canceled under this 

subpart for full-time employment as a nurse, death, or disability:

    (a) Each school will be paid an amount bearing the same ratio to the 

total of the funds available for that purpose as the principal of loans 

canceled by that school in that fiscal year bears to the total principal 

of loans canceled by all schools in that year; and

    (b) Any additional amounts to which a school is entitled will be 

paid by the Secretary at the time of distribution of the assets of the 

school's fund under section 839 of the Act.