Page:United States Statutes at Large Volume 110 Part 3.djvu/399

 PUBLIC LAW 104-193—AUG. 22, 1996 110 STAT. 2129 "(1) IN GENERAL,,—The Secretary shall make loans to any loan-eligible State, for a period to maturity of not more than 3 years. "(2) LOAN-ELIGIBLE STATE. —As used in paragraph (1), the term 1oan-eligible State' means a State against which a penalty has not been imposed under section 409(a)(1). "(b) RATE OF INTEREST.— The Secretary shall charge and collect interest on any loan made under this section at a rate equal to the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the period to maturity of the loan. "(c) USE OF LOAN.—^A State shall use a loan made to the State under this section only for any purpose for which grant amounts received by the State under section 403(a) may be used, including— "(1) welfare anti-fraud activities; and "(2) the provision of assistance under the State program to Indian families that have moved from the service area of an Indian tribe with a tribal family assistance plan approved under section 412. "(d) LIMITATION ON TOTAL AMOUNT OF LOANS TO A STATE.— The cumulative dollar amount of all loans made to a State under this section during fiscal years 1997 through 2002 shall not exceed 10 percent of the State family assistance grant. " (e) LIMITATION ON TOTAL AMOUNT OF OUTSTANDING LOANS.— The total dollar amount of loans outstanding under this section may not exceed $1,700,000,000. "(f) APPROPRIATION.— Out of any money in the Treasury of the United States not otherwise appropriated, there are appropriated such sums as may be necessary for the cost of loans under this section. "SEC. 407. MANDATORY WORK REQUIREMENTS. 42 USC 607. " (a) PARTICIPATION RATE REQUIREMENTS.— "(1) ALL FAMILIES.—^A State to which a grant is made under section 403 for a fiscal year shall achieve the minimum participation rate specified in the following table for the fiscal year with respect to all families receiving assistance under the State program funded under this part: The minimum participation "If the fiscal year is: rate is: 1997 25 1998 30 1999 35 2000 40 2001 45 2002 or thereafter 50. "(2) 2-PARENT FAMILIES. —A State to which a grant is made under section 403 for a fiscal year shall achieve the minimum participation rate specified in the following table for the fiscal year with respect to 2-parent families receiving assistance under the State program mnded under this part: The minimum participation "If the fiscal year is: rate is: 1997 75 1998 75 1999 or thereafter 90.

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