Page:United States Statutes at Large Volume 84 Part 1.djvu/403

 84 STAT. ]

PUBLIC LAW 91-296-JUNE 30, 1970

visions of this part, guarantee to non-Federal lenders making loans to such agencies for such projects, payment of principal of and interest on loans, made by such lenders, which are approved under this part. "(2) I n order to assist public agencies to carry out needed projects for the modernization or construction of public health centers, and public hospitals, facilities for long-term care, outpatient facilities, and rehabilitation facilities, the Secretary, during the period July 1, 1970, through June 30, 1973, may, in accordance with the provisions of this part, make loans to such agencies which shall be sold and guaranteed m accordance with section 627. " (b)(1) No loan guarantee under this part with respect to any modernization or construction project may apply to so much of the principal aanount thereof as, when added to the amount of any grant or loan under part A with respect to such project, exceeds 90 per centum of the cost of such project. " (2) No loan to a public agency under this part shall be made in an amount which, when added to the amount of any grant or loan under part A with respect to such project, exceeds 90 per centum of the cost of such project. "(c) The Secretary, with the consent of the Secretary of Housing and Urban Development, shall obtain from the Department of Housing and Urban Development such assistance with respect to the administration of this part as will promote efficiency and economy thereof.

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^°«'' P- 349. cost limitations. ^f ^*|^- ^^f^^

Administrative assistance.

"ALLOCATION AMONG THE STATES

"SEC. 622. (a) For each fiscal year, the total amount of principal of Allotment proloans to nonprofit private agencies which may be guaranteed or loans to '"^'°"^* public agencies which may be directly made under this part shall be allotted by the Secretary among the States, in accordance with regulations, on the basis of each State's relative population, financial need, need for construction of the facilities referred to in section 621(a), and need for modernization of such facilities. " (b) Any amount allotted under subsection (a) to a State for a fiscal Reaiiotment proyear ending before July 1, 1973, and remaining unobligated at the end ^^^'°"^of such year s'hall remain available to such State, for the purpose for which made, for the next two fiscal years (and for such years only), and any such amount shall be in addition to the amounts allotted to such State for such purpose for each of such next two fiscal years; except that, with the consent of any such State, any such amount remaining unobligated at the end of the first of such next fiscal year may be reallotted (on such basis as the Secretary deems equitable and consistent with the purposes of this title) to other States which have need therefor. Any amounts so reallotted to a State shall be available ^^'^I'Vfo^'"*^' for the purposes for which made until the close of the second such next expiration. """"" '"" two fiscal years and shall be in addition to the amount allotted and available to such State for the same period. "(c) Any amount allotted or reallotted to a State under this section for a fiscal year shall not, until the expiration of the period during which it is available for obligation, be considered as available for allotment for a subsequent fiscal year. " (d) The allotments of any State under subsection (a) for the fiscal year ending June 30, 1971, and the succeeding fiscal year shall also be available to guarantee loans with respect to any project, for modernization or construction of a nonprofit private hospital or other health facility referred to in section 621(a)(1), if the modernization or construction of such facility was not commenced earlier than January 1, 1968, and if the State certifies and the Secretary finds that without

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