Page:United States Statutes at Large Volume 97.djvu/132

 97 STAT. 100 PUBLIC LAW 98-21 —APR. 20, 1983 Insurance Trust Fund and the Federal Disability Insurance Trust Fund during the calendar year following such calendar year for all purposes authorized by section 201 (other than payments of interest on, and repayments of, loans from the Federal Hospital Insurance Trust Fund under paragraph (1), but excluding any transfer payments between such trust funds and reducing the amount of any transfer to the Railroad Retire- ment Account by the amount of any transfers into either such trust fund from that Account). Repayment date. "(C)(i) The full amount of all loans made under paragraph (1) (whether made before or after January 1, 1983) shall be repaid at the earliest feasible date and in any event no later than Decem- ber 31, 1989. "(ii) For the period after December 31, 1987, and before January 1, 1990, the Managing Trustee shall transfer each month to the Fed- eral Hospital Insurance Trust Fund from any Trust Fund with any amount outstanding on a loan made from the Federal Hospital Insurance Trust Fund under paragraph (1) an amount not less than an amount equal to (I) the amount owed to the Federal Hospital Insurance Trust Fund by such Trust Fund at the beginning of such month (plus the interest accrued on the outstanding balance of such loan during such month), divided by (II) the number of months elapsing after the preceding month and before January 1990. The Managing Trustee may, during this period, transfer larger amounts than prescribed by the preceding sentence.". 42 USC 401. (4) Section 201(1) of such Act is further amended by adding at the end thereof the following new paragraph: "(5)(A) No amounts may be borrowed from the Federal Hospital Insurance Trust Fund under paragraph (1) during any month if the Hospital Insurance Trust Fund ratio for such month is less than 10 percent. "(B) For purposes of this paragraph, the term 'Hospital Insurance Trust Fund ratio' means, with respect to any month, the ratio of— "(i) the balance in the Federal Hospital Insurance Trust Fund, reduced by the outstanding amount of any loan (including interest thereon) theretofore made to such Trust Fund under this subsection, as of the last day of the second month preceding such month, to "(ii) the amount obtained by multiplying by twelve the total amount which (as estimated by the Secretary) will be paid from the Federal Hospital Insurance Trust Fund during the month for which such ratio is to be determined (other than payments of interest on, or repayments of loans from another Trust Fund ^ under this subsection), and reducing the amount of any trans- fers to the Railroad Retirement Account by the amount of any transfer into the Hospital Insurance Trust Fund from that Account. ". 42 USC 13951. (b)(1) Section 1817(j)(l) of such Act is amended— (A) by striking out "January 1983" and inserting in lieu thereof "January 1988"; and (B) by inserting ", subject to paragraph (5)," after "may". (2)(A) Section 1817(j)(2) of such Act is amended— (i) by striking out "from time to time" and inserting in lieu thereof "on the last day of each month after such loan is made"; (ii) by striking out "interest" and inserting in lieu thereof "the total interest accrued to such day"; and "Hospital Insurance Trust Fund ratio."

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