Page:United States Statutes at Large Volume 101 Part 1.djvu/381

 PUBLIC LAW 100-50—JUNE 3, 1987

101 STAT. 351

"(C) the original parents' contribution from adjusted available income is subtracted from the revised parents' contribution from adjusted available income, and the result is divided by 12 to determine the monthly adjustment amount; and "(D) the original parents' contribution from adjusted available income is increased by the product of the monthly adjustment amount multiplied by the number of months greater than 9 for which the student will be enrolled."; (13) in section 476(b)(1)— (A) by striking out "subparagraph (B)" in subparagraph (C) and inserting "subparagraph (C)"; (B) by redesignating subparagraphs (B) and (C) as subparagraphs (C) and (D); and (C) by striking out everything preceding clause (i) of subparagraph (A) and inserting the following: "(A) adding the student's adjusted gross income and any income earned from work but not reported on a Federal income tax return, and subtracting excludable income (as defined in section 480); "(B) computing the student's available taxable income by deducting from the amount determined under subparagraph (A) - "; (14) in section 476(b)(2), by striking out "total taxable income" and inserting "total income"; (15) in section 476(b)(1)(C), by inserting after "section 480(c))" the following: "plus the amount of veterans' benefits paid during the award period under chapters 32, 34, and 35 of title 28, United States Code"; (16) in section 476(b)(4)— (A) by striking out "$8,900" each place it appears and inserting "$8,600"; and (B) by striking out "$6,230" and inserting "$6,020"; (17) in section 476(c)(1)— (A) by striking out the period at the end of subparagraph (C) and inserting a semicolon; and (B) by inserting at the end thereof (flush with the margin of paragraph (1)) the following: "except that the student's income supplemental amount from assets shall not be less than zero."; (18) in section 477(a)(1)— (A) by striking out "and" at the end of subparagraph (A); (B) by inserting "and" after the semicolon at the end of subparagraph (B); and (C) by inserting after such subparagraph the following: "(C) the amount of veterans' benefits to be paid during the award period under chapters 32, 34, and 35 of title 38, United States Code;"; (19) in section 477(b)(5)(A), by striking out "$2,000" and inserting "$2,100"; (20) in section 478(d)— (A) by inserting ", rounded to the nearest $100," after "present value cost"; (B) by inserting "of 40 and above" after "each age cohort"; and (C) by inserting after the second sentence the following: "For each age cohort below 40, the asset protection allow-

20 USC 1087pp.

20 USC I087w.

20 USC 1087qq.

20 USC I087rr.

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