Page:United States Statutes at Large Volume 106 Part 1.djvu/782

 106 STAT. 750 PUBLIC LAW 102-325—JULY 23, 1992 standing marketable obligations of the United States having maturities comparable to the remaining term of such loan. "(e) NONDISCRIMINATION BETWEEN BORROWERS IN OFFERING DIS- COUNTED PREPAYMENT. — an inducement to early repa3mient under subsection (c)(7), such offer shall be available without regard to whether the borrower is delinquent or in default on the loan on or before October 1, 1992, but the Secretary shall refuse to make such offer to a borrower that becomes delinquent or goes into default after that date. "(2) APPLICABILITY. — The discount offered shall apply, in the case of a borrower that complies with paragraph (1), to the entire amount outstanding on the loan (mcluding any amount owed with respect to payments that are overdue). "(f) CONTRACTS FOR SUPPLIES OR SERVICES. —Section 3709 of the Revised Statutes shall not apply to any contract for services or supplies on account of any property acquired pursuant to this part if the amount of such contract does not exceed $1,000. " (g) APPLICABILITY OF GOVERNMENT CORPORATION CONTROL ACT.—The provisions of section 9107(a) of title 31, United States Code, which are applicable to corporations or agencies subject to . chapter 91 of such title, shall also be applicable to the activities of the Secretary under this part. "(h) WAGE RATES. —The Secretary shall take such action as may be necessary to ensure that all laborers and mechanics employed by contractors or subcontractors on any project assisted under this part— "(1) shall be pedd wages at rates not less than those prevailing on the same type of work on similar construction in the immediate locality as determined by the Secretary of Labor in accordance with the Act of March 3, 1931 (Davis-Bacon Act), as amended; and "(2) shall be employed not more than 40 hours in any one week unless the employee receives wages for the employee's employment in excess of the hours specified above at a rate not less than one and one-half times the regular rate at which the employee is employed, but the Secretary may waive the application of this subsection in cases or classes of cases where laborers or mechanics, not otherwise employed at any time in the construction of such project, voluntarily donate their services without full compensation for the purpose of lowering the costs of construction and the Secretary determines that any amounts saved thereby are fully credited to the educational institution undertaking the construction. "(i) LIMITATION. — No loan may be made under this part for any facility on the c£unpus of any postsecondary educational institution until 5 years after the date on which a previous loan for another facility on such campus WEIS made under this part, unless the loan is intended to be used to construct or reconstruct a facility damaged as a result of a national disaster, as declared by the President. 20 USC 1132d-2. "SEC. 733. APPORTIONMENT. "(a) LIMITATION.— Not more than 12.5 percent of the amount of the funds provided for in this part in the form of loans shall be made available to educational institutions within any one State.
 * (1) GENERAL RULE. —If the Secretary offers a discount as

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