Page:United States Statutes at Large Volume 106 Part 1.djvu/607

 PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 575 •«EC. 469. SCHEDULE RETARY. OF REGULATORY ACTIVrnES BY THE SEC- "(a) PROPOSED REGULATIONS. —The Secretary shall publish in the Federal Register not later than April 1, 1993, all proposed regulations for carrying out the program estabhshed by this part, including regulations with respect to— "(1) payments to institutions of higher education; "(2) the selection of institutions of higher education to participate in the loan demonstration program; "(3) application by institutions of higher education to participate in the loan demonstration program; "(4) agreements between the Secretary and institutions of higher education participating in the loan demonstration program; "(5) procedures with respect to the withdrawal and termination of institutions of higher education from the loan demonstration program; and " (6) procedures by which institutions designated by the Secretary pursuant to section 453(d) may decline to participate in the loan demonstration program. "(b) FINAL REGULATIONS.— The Secretary shall publish in the Federal Register not later than July 1, 1993, all final regulations for carrying out the program established by this part, including regulations with respect to the same matters provided for in subsection (a) of this section. "(c) CLOSING DATE FOR APPLICATIONS FROM INSTITUTIONS. —The Secretary shall establish October 1, 1993, as the closing date for receiving applications from institutions of higher education desiring to peirticipate in the loan demonstration program pursuant to section 453(c). "(d) PUBLICATION OF LIST OF PARTICIPATING INSTITUTIONS AND CONTROL GROUP. —Not later than January 1, 1994, the Secretary shall publish in the Federal Register a list of the institutions of higher education selected to participate in the loan demonstration program pursuant to section 453 and a list of the institutions of higher education in the control group required by section 458(d). "(e) PROCUREMENT CONTRACTS. — The Secretary shall award contracts pursuant to section 457 not later than February 1, 1994. "SEC 459A. FUNDS FOR ADMINISTRATIVE EXPENSES. "Each fiscal yegir, there shall be available to the Secretary of Education from funds not otherwise appropriated, funds to be obligated for administrative costs xinder this part, not to exceed $10,000,000 in fiscal year 1993, $17,000,000 in fiscal year 1994, $37,000,000 in fiscal year 1995, $54,000,000 in fiscal year 1996, and $65,000,000 in fiscal year 1997.". SEC. 452. INCOME CONTINGENT LOAN DISTRIBUTION OF FUNDS. (a) IN GENERAL. —Afl«r September 30, 1992, and not later than March 31, 1992, the capital bedance of the student loan fund estabhshed under part D of title IV of the Higher Education Act of 1965 (as such Act was in effect on the date of enactment of this Act) shall be distributed by allowing institutions to transfer any remaining funds, including future collections and all other funds at the institution's discretion, to such institution's part E account, pgut C fund, or subpeui; 3 of part A fund under the terms and conditions of the appropriate program. Federal Register, publication. 20 USC 1087i. 20 USC 1087J. 20 USC 1087a note.

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