Page:United States Statutes at Large Volume 99 Part 1.djvu/684

 99 STAT. 662

Regulation.

10 USC 2172.

PUBLIC LAW 99-145—NOV. 8, 1985 "(1) 15 percent or $500, whichever is greater, for each year of service, in the case of service described in subsection (a)(2)(A); or "(2) 33V3 percent or $1,500, whichever is greater, for each year of service, in the case of service described in subsection (a)(2)(B). "(c) If a portion of a loan is repaid under this section for any year, interest on the remainder of such loan shall accrue and be paid in the same manner as is otherwise required. "(d) Nothing in this section shall be construed to authorize refunding any repayment of a loan. "(e) Any individual who transfers from service described in clause (A) or (B) of subsection (a)(2) to service described in the other clause of such subsection during a year shall be eligible to have repaid a portion of such loan determined by giving appropriate fractional credit for each portion of the year so served, in accordance with regulations of the Secretary concerned. "(f) The Secretary of Defense shall, by regulation, prescribe a schedule for the allocation of funds made available to carry out the provisions of this section during any year for which funds are not sufficient to pay the sum of the amounts eligible for repayment under subsection (a). "§ 2172. Education loans for certain health professionals who serve in the Selected Reserve "(a) Under regulations prescribed by the Secretary of Defense and subject to the other provisions of this section, the Secretary concerned may repay— "(1) a portion of a loan made, insured, or guaranteed under part B of title IV of the Higher Education Act of 1965 (20 U.S.C. 1071 et seq.); "(2) a loan made under part E of such title (20 U.S.C. 1087aa et seq.) after October 1, 1975; and "(3) a health education assistance loan made or insured under part C of title VII of the Public Health Service Act (42 U.S.C. 294 et seq.). "(b) The Secretary concerned may repay loans described in subsection (a) only in the case of a person who— "(1) performs satisfactory service as an officer in the Selected Reserve of an armed force; and "(2) possesses professional qualifications in a health profession that the Secretary of Defense has determined to be needed critically in order to meet identified wartime combat medical skill shortages. "(c)(1) The amount of any repayment of a loan made under this section on behalf of any person shall be determined on the basis of each complete year of service that is described in subsection (b)(D and performed by the person after the date on which the loan was made. "(2) Subject to paragraph (3), the portion of a loan that may be repaid under this section on behalf of any person may not exceed $3,000 for each year of service described in paragraph (1). "(3) The total amount that may be repaid on behalf of any person under this section may not exceed $20,000. "(d) The authority provided in this section shall apply only in the case of a person first appointed as a commissioned officer before October 1, 1988.".

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