Page:United States Statutes at Large Volume 92 Part 2.djvu/852

 92 STAT. 2132

Effective date. 42 USC 300e-3 note.

PUBLIC LAW 95-559—NOV. 1, 1978 organization under subsection (b) of this section may not exceed $1,000,000 through September 30, 1979, or $2,000,000 thereafter.", (d) The amendments made by this section shall only be effective for fiscal years beginning on or after October 1, 1978. I N I T I A L OPERATING LOANS AND LOAN GUARANTEES

42 USC 300e-4.

SEC. 4. (a) Section 1305(b)(1) is amended by— (1) striking out "$2,500,000" and inserting in lieu thereof "$2,500,000 (or $4,000,000 if the Secretary makes a written determination that such loans or loan guarantees are necessary to preserve the fiscally sound operation of the health maintenance organization and to protect against the risk of insolvency of the health maintenance organization and, within 30 days of the making of such loans or loan guarantees, furnishes the Committee on Human Resources of the Senate and the Committee on Interstate and Foreign Commerce of the House of Representatives w i t h written notification of the making of the loans or loan guarantees and a copy of the written determination made with respect to the loans or loan guarantees and the reasons for the determination) through September 30, 1979, and $4,000,000 thereafter"; and (2) striking out "$1,000,000" and inserting in lieu thereof "$1,000,000 (or $2,000,000 if the Secretary makes a written determination that such disbursements are necessary to preserve the fiscally sound operation of the health maintenance organization and protect against the risk of insolvency of the health maintenance organization and, within 30 days of such disbursement, furnishes the Committee on Human Resources of the Senate and the Committee on Interstate and Foreign Commerce of the House of Representatives with written notification of the making of the disbursement and a copy of the written determination made with respect to it and the reasons for the determination) through September 30, 1979, and $2,000,000 thereafter". (b)(1) Section 1305(a) is amended by striking out "operating costs" each place it occurs and inserting in lieu thereof "costs of operation". (2) The second sentence of section 1305(b)(1) is amended by striking out "any fiscal year " and inserting in lieu thereof "any twelvemonth period". (3) The title of section 1305 is amended by striking out "OPERATION COSTS" and inserting in lieu thereof "COSTS OF OPERATION".

42 USC 300e-7.

(c)(1) Section 1308 is amended by adding at the end the following new subsection: " (f) The Secretary may take such action as he deems appropriate to protect the interest of the United States in the event of a default on a loan made or guaranteed under this title, including taking possession of, holding, and using real property pledged as security for such a loan or loan guarantee.". (2)(A) Subsection (d) of section 1308 is amended (i) by inserting before the period in the first sentence of paragraph (1) the following: " and to take the action authorized by subsection (f) ", and (ii) by inserting after "under this title " in the first sentence of paragraph (2) the following: " and to take the action authorized by subsection (f) ". (B) The first sentence of subsection (e) of section 1308 is amended by inserting before the period the following: " and to take the action authorized by subsection (f) ".

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