Page:United States Statutes at Large Volume 122.djvu/3287

 12 2 STA T .3 2 64PUBLIC LA W 11 0– 31 5— AU G .14 , 200 8toanydef a ul ton s u ch loan that occu r s on or after the date of such p urchase .‘ ‘ ( e )REPORTSANDC OST E ST IM ATES. —T he S ecretary shall pre - pare , trans mi t to the authori z in g committees, and ma k ea v aila b le to the public, the follo w ing

‘‘( 1 ) QU ARTER LY REPORTS.— ‘‘( A ) CONTENTS.— N ot later than 60 days after the end of each q uarter during the period beginning J uly 1, 2 00 8, and ending September 3 0, 200 9, a quarterly report on— ‘‘(i) the number of loans the Secretary has agreed to purchase, or has purchased, using the authority provided under this section, and the total amount of outstanding principal and accrued interest of such loans, during such period and ‘‘(ii) the number of loans in which the Secretary has purchased a participation interest, and the total amount of outstanding principal and accrued interest of such loans, during such period. ‘‘( B ) D ISA G GREGATED IN F ORMATION.— F or each quar- terly report, the information described in clauses (i) and (ii) of subparagraph (A) shall be disaggregated by lender and, for each lender, by category of institution (using the categories described in section 132(d)) and type of loan. ‘‘(2) ESTIMATES OF PUR CH ASE PROGRAM COSTS.—Not later than February 1 5, 2010, an estimate of the costs associated with the program of purchasing loans described in paragraph (1)(A)(i) during the period beginning July 1, 2008, and ending September 30, 2009, and an estimate of the costs associated with the program of purchasing a participation interest in loans described in paragraph (1)(A)(ii) during such period. Each such estimate shall— ‘‘(A) contain the same level of detail, and be reported in a similar manner, as the budget estimates provided for the loan program under part B and the direct student loan program under this part in the P resident ’ s annual budget submission to Congress, e x cept that current and future administrative costs shall also be reported; ‘‘(B) include an estimate of the gross and net outlays that have been, or will be, incurred by the Federal G overn- ment (including subsidy and administrative costs, and any payments made by the Department to lenders, trusts, or other entities related to such activities) in purchasing such loans or purchasing a participation interest in such loans during such period (as applicable); and ‘‘(C) include a comparison of— ‘‘(i) the average amount of the gross and net out- lays (including costs and payments) described in subparagraph (B) for each $ 100 of loans purchased or for which a participation interest was purchased (as applicable) during such period, disaggregated by type of loan; with ‘‘(ii) the average amount of such gross and net outlays (including costs and payments) to the Federal Government for each $100 of comparable loans made under this part and part B during such period, disaggregated by part and by type of loan. Public i nformat ion .

�