Page:United States Statutes at Large Volume 92 Part 1.djvu/157

 PUBLIC LAW 95-239—MAR. 1, 1978 " (2) The insurance fund shall be credited with— "(A) premiums, fees, or other charges which may be collected in connection with insurance or reinsurance coverage provided under this section; "(B) such amounts as may be advanced to the insurance fund from appropriations in order to maintain the insurance fund in an operative condition adequate to meet its liabilities; and " (C) income which may be earned on investments of the insurance fund pursuant to paragraph (3), "(3) If, after all outstanding current obligations of the insurance fund have been liquidated and any outstanding amounts which may have been advanced to the insurance fund from appropriations authorized under subsection (i) have been credited to the appropriation from which advanced, the Secretary determines that the moneys of the insurance fund are in excess of current needs, he or she may request the investment of such amounts as he or she deems advisable by the Secretary of the Treasury in public debt securities with maturities suitable for the needs of the insurance fund and bearing interest at prevailing market rates. "(h) The Secretary shall report to the Congress not later than the first day of April of each year on the financial condition of the insurance fund and the results of the operations of the insurance fuJid during the preceding fiscal year and on its expected condition and operations during the fiscal year in which the report is made. "(i) There are authorized to be appropriated to the insurance fund, as repayable advances, such sums as may be necessary to meet obligations incurred under subsection (g). All such sums shall remain available without fiscal year limitation. Advances made pursuant to this subsection shall be repaid, with interest, to the general fund of the Treasury when the Secretary determines that moneys are available in the insurance fund for such repayments. Interest on such advances shall be computed in the same manner as provided in subsection (b) (2) of section 3 of the Black Lung Benefits Revenue Act of 1977.".

92 STAT. 103

Investments.

Fund financial condition, annual report to Appropriation authorization.

Interest rates. Ante, p. 12.

STATEMENT OF REASONS FOR DENIAL OF CLAIMS

SEC. 14. Part G of title IV of the Act, as amended by sections 12(b) and 13, is further amended by adding at the end thereof the following new section: "SEC. 434. Any individual whose claim for benefits under this title 30 USC 944. is denied shall receive from the Secretary a written statement of the reasons for denial of such claim, and a summary of the administrative hearing record or, upon good cause shown, a copy of any transcript thereof.". REVIEW OF PENDING AND PREVIOUSLY DENIED CLAIMS

SEC. 15. Part C of title IV of the Act, as amended by sections 12(b), Notification to 13, and 14, is further amended by adding at the end thereof the fol- claimants. lowing new section: "SEC. 435. (a)(1) The Secretary of Health, Education, and Wei- 30 USC 945 fare shall promptly notify each claimant who has filed a claim for benefits under part B of this title and whose claim is either pending on the effective date of this section or has been denied on or before

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