Page:United States Statutes at Large Volume 78.djvu/959

 78 STAT. ]

PUBLIC LAW 88-581-SEPT. 4, 1964

917

822(b)(2)(A) bears to the total amount in such fund derived from such Federal capital contributions and from funds deposited therein pursuant to section 822(b)(2)(B). "(2^ The remainder of such balance shall be paid to the school. " (b) After September 30, 1972, each school with which the Secretary has made an agreement under this part shall pay to the Secretary, not less often than-quarterly, the same proportionate share of amounts received by the school after June 30, 1972, in payment of principal or interest on loans made from the loan fund established pursuant to such agreement as was determined for the Secretary under subsection (a). "LOANS TO SCHOOLS

"SEC. 827. (a) Upon application by any school with which he has made an agreement under this part, the Secretary may make a loan to such school for the purpose of helping to finance deposits required by section 822(b)(2)(B) m a loan fund established pursuant to such agreement. Such loan may be made only if the school shows it is imable to secure such funds upon reasonable terms and conditions from non-Federal sources. Loans made under this section shall bear interest at a rate sufficient to cover (1) the cost of the funds to the Treasury, (2) the cost of administering this section, and (3) probable losses. " (b) There are authorized to be appropriated such sums as may be necessary^ to carry out this section. " (c) Loans by the Secretary under this section shall mature within such period as the Secretary determines to be appropriate in each case, but not exceeding fifteen years.

Loan maturity.

((ADMINISTRATIVE PROVISIONS "SEC. 828. The Secretary may agree to modifications of agreements or loans made under this part, and may compromise, waive, or release any right, title, claim, or demand of the United States arising or acquired under this part. " P A R T C—GENERAL " N A T I O N A L A D VI S O R Y C O U N C I L O N N U R S E TRAINING; REVIEW COMMITTEE

"SEC. 841. (a)(1) There is hereby established a National Advisory Establishment. Council on Nurse Training, consisting of the Surgeon General, who shall be Chairman, and the Commissioner of Education, both of whom shall be ex officio members, and sixteen members appointed by the Secretary without regard to the civil service laws. Four of the appointed members shall be selected from the general public and twelve shall be selected from among leading authorities in the various fields of nursing, higher, and secondary education, and from representatives of hospitals and other institutions and organizations which provide nursing services. " (2) The Council shall advise the Surgeon General in the preparation of general regulations and with respect to policy matters arising in the administration of this title, and m the review of applications for construction projects under part A and of applications under section 805. "(b) The Secretary of Health, Education, and Welfare shall, prior Program review. Appointment of to July 1, 1967, and without regard to the civil service laws, appoint committee. a committee, consisting of members of the public, of various groups particularly interested in or expert in matters relating to education of various types of nurses, for the purpose of reviewing the programs

�