Page:United States Statutes at Large Volume 102 Part 1.djvu/874

 102 STAT. 836

PUBLIC LAW 100-369—JULY 18, 1988

SEC. 5. SLS LOAN DISBURSEMENT. (a) DISBURSEMENT REQUIREMENTS.—Section 428A(b) of the Higher

20 USC 1078-1.

Education Act of 1965 is further amended by inserting after paragraph (3) the following: "(4) DISBURSEMENT.—Any loan under this section shall be disbursed in the manner required by subparagraphs (N) and (O) of section 428(b)(1).". (b) (CONFORMING AMENDMENTS.—(1) Section 427(b)(2) of such Act (20 U.S.C. 1077(b)(2)) is amended by striking out "section 428A, 428B, or 428C" and inserting "section 428B or 428C". (2) Section 428(b)(l)(0) of such Act (20 U.S.C. 1078(b)(l)(O)) is amended by striking out "section 428A, 428B, or 428C" and inserting "section 428B or 428C". (3) Section 428A(c) of such Act (20 U.S.C. 1078-l(c)) is amended— (A) in pargigraph (1), by inserting after "disbursed by the lender," the following: "or, if the loan is disbursed in multiple installments, not later than 60 days after the disbursement of the last such installment,"; (B) in paragraph (2), by inserting after "made under this section" the following: "which are disbursed in installments or,"; and (C) in such paragraph (2) by inserting a comma after "428(b)(l)(M)(i)". SEC. 6. TECHNICAL AMENDMENT CONCERNING TEACHER TRAINING PROGRAM ELIGIBILITY FOR GSL PROGRAM.

20 USC 1091.

Section 484 of the Act is further amended— (1) in subsection (a)(D, by striking out "subsection (b)(2)" and inserting in lieu thereof "subsections (b)(3) and (b)(4)"; and (2) by adding at the end of subsection (b) the following new paragraph: "(4) A student who— "(A) is carrying at least one-half the normal full-time work load for the course of study the student is pursuing, as determined by the institution, and "(B) is enrolled or accepted for enrollment in a program at an eligible institution necessary for a professional credential or certification from a State that is required for employment as a teacher in an elementary or secondary school in that State, shall be, notwithstanding paragraph (1) of subsection (a), eligible to apply for loans under part B of this title.". SEC. 7. TREATMENT OF TERRITORIAL AND FOREIGN TAX PAYMENTS FOR PURPOSES OF NEED ANALYSIS. (a) PELL GRANT NEED ANALYSIS.—Section 41 I F of the Higher

Education Act of 1965 (20 U.S.C. 1070a-6) is amended by adding at the end thereof the following: "(17XA) The tax on income paid to the Governments of the Commonwealth of Puerto Rico, Guam, American Samoa, the Virgin Islands, or the Northern Mariana Islands, or the Trust Territory of the Pacific Islands under the laws applicable to those jurisdictions, or the comparable tax paid to the central government of a foreign country, shall be treated as United States income taxes. "(B) References in this subpart to the Internal Revenue Code of 1986, Federal income tax forms, and the Internal Revenue Service shall, for purposes of the tax described in subparagraph

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