Page:United States Statutes at Large Volume 106 Part 1.djvu/634

 106 STAT. 602 PUBLIC LAW 102-325—JULY 23, 1992 "Assessment From Ac^usted Available Income (AAI) If AAI is— Then the assessment is— Less than -$3,409 -$750 -$3,409 to $9,400 22% of AAI $9,401 to $11,800 $2,068 + 25% of AAI over $9,400 $11,801 to $14,200 $2,668 + 29% of AAI over $11,800 $14,201 to $16,600 $3,364 + 34% of AAI over $14,200 $16,601 to $19,000 $4,180 + 40% of AAI over $16,600 $19,001 or more $5,140 + 47% of AAI over $19,000 Federal «SEC. 478. REGULATIONS; UPDATED TABLES. SiStion. " (a) AUTHORITY TO PRESCRIBE REGULATIONS RESTRICTED. —(1) 20 USC lOSTrr. Notwithstanding any other provision of law, the Secretary shall not have the authority to prescribe regulations to carry out this part except— "(A) to prescribe updated tables in accordance with subsections (b) through (h) of this section; or " (B) to propose modifications in the need analysis methodology required by this part. "(2) Any regulation proposed by the Secretary that (A) updates tables in a meinner tnat does not comply with subsections (b) through (h) of this section, or (B) that proposes modifications under paragraph (1)(B) of this subsection, shall not be effective unless approved by joint resolution of the Congress by May 1 following the date such regulations are published in the Federal Register in accordance with section 482. If the Congress fails to approve such regulations by such May 1, the Secretary shall publish in the Federad Register in accordance with section 482 updated tables for the applicable award year that are prescribed in accordance with subsections (b) through (h) of this section. "(b) INCOME PROTECTION ALLOWANCE. — For each academic year after academic year 1992-1993, the Secretary shall publish in the Federal Register a revised table of income protection allowances for the purpose of sections 475(c)(4) and 477(b)(4). Such revised table shall be developed by increasing each of the dollar amounts contained in the table in each such section by^ a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) between December 1992 and the December next preceding the beginning of such academic year, and rounding the result to the nearest $10. "(c) ADJUSTED NET WORTH OF A FARM OR BusiNESS. — For each award year after award year 1992-1993, the Secretary shall publish in the Federal Register a revised table of adjusted net worth of a farm or business for purposes of sections 475(a)(2)(C), 476(c)(2)(C), and 477(c)(2)(C). Such revised table shall be developed— "(1) by increasing each dollar amount that refers to net worth or a farm or business by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) between 1992 and the December next preceding the beginning of such award year, and rounding the result to the nearest $5,000; and "(2) by adjusting the dollar amounts '$30,000*, '$105,000', and '$195,000' to reflect the changes made pursuant to paragraph (1).

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