Page:United States Statutes at Large Volume 101 Part 1.djvu/380

 101 STAT. 350

PUBLIC LAW 100-50—JUNE 3, 1987 "Adjusted Net Worth of a Business or Farm—Continued Ifthe net wo^rthof^ business or $180,001-$300,000 $300,001 or more

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20 USC 1087OO, I087qq.

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20 USC I087rr.

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29 USC 1651. 20 USC I087w.

$84,000 plus 60 percent of NW over $180,000 $156,000 plus 100 percent of NW over $300,000";

(5) in sections 475(d)(4)(B) and 477(c)(4)(B), by striking out "$15,000" and inserting "$15,999"; (6) in sections 475(d)(4)(C) and 477(c)(4)(C), by striking out "$15,000" each place it appears and inserting "$16,000"; (7) in section 475(d)(4)(D), by striking out "equal to or less than zero" and inserting "less than zero"; (8) in sections 475(e) and 477(d), insert a minus sign before "$3,409" each time it appears in the chart in each such section; (9) in section 475(g)(1)(C), by striking out "paragraph (3)" and inserting "paragraph (2)"; (10) in section 475(g)(3), by inserting after "following table" the following: "(or a successor table prescribed by the Secretary Under section 478)"; (11) in section 475, by striking out subsection (h) and inserting the following: "(h) STUDENT (AND SPOUSE) INCOME SUPPLEMENTAL AMOUNT FROM ASSETS.—The student (and spouse) supplemental income from

assets is determined by calculating the net assets of the student (and spouse) and multiplying the amount by 35 percent, except that in the case of a student who is a dislocated worker (certified in accordance with title III of the Job Training Partnership Act) or a displaced homemaker (as defined in section 480(e) of this Act), the net value of a principal place of residence shall be considered to be zero."; (12) in such section, by adding at the end thereof the following new subsection: "(i)



Then the adjusted net worth is:

ADJUSTMENTS FOR ENROLLMENT PERIODS OTHER THAN

9

MONTHS.—For periods of enrollment other than nine months, the parents' contribution from adjusted available income is determined as follows: "(1) For periods of enrollment less than 9 months, the parents' contribution from adjusted available income (determined in accordance with subsection (b)) is divided by 9 and the result multiplied by the number of months enrolled. "(2) For periods of enrollment greater than 9 months— "(A) the parents' adjusted available income (determined in accordance with subsection (b)(1)) is increased by the difference between the standard maintenance allowance (determined in accordance with subsection (c)(4)) for a family of four and a family of five, each with one child in college; "(B) the resulting revised parents' adjusted available income is assessed according to subsection (e) and adjusted according to subsection (b)(3) to determine a revised parents' contribution from adjusted available income;

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