Joint Oversight on Proposed Extensions of the Rehabilitation Act: Hearings Before the Subcommittee on Select Education of the Committee on Education and Labor, House of Representatives and the Subcommittee on the Handicapped of the Committee on Labor and Public Welfare, United States Senate, Ninety-fourth Congress, First Session, on H.R. 11045 and S. 2807 ... December 9 and 10, 1975

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Page 61 - If at any time the moneys in the fund are insufficient to enable the Secretary to discharge his responsibilities under any guarantees issued by him under this part, he is authorized to issue to the Secretary of the Treasury...
Page 58 - States and are otherwise reasonable, including a determination that the rate of interest does not exceed such per centum per annum on the principal obligation outstanding as the Secretary determines to be reasonable, taking into account the range of interest rates prevailing in the private market for similar loans and the risks assumed by the United States.
Page 62 - ... any time sell any of the notes or other obligations acquired by him under this subsection. All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States. Sums borrowed under this...
Page 61 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury...
Page 61 - ... is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 99 - Act (20 tT.SC 351b(a) (2) ) is amended by striking out "and" immediately after "1975," and by inserting immediately before the period at the end thereof the following: ", and such sums as may he necessary for the period beginning July 1, 1976, and ending September 30, 1976.
Page 131 - Our justification for higher funding levels stems from the purpose for which the money is spent — the prevention of an incalculable waste of human potential — a purpose on which no price tag can be placed.
Page 59 - ... as to any person who makes or contracts to make a loan to such applicant in reliance thereon, except for fraud or misrepresentation on the part of such applicant or such other person.
Page 99 - SEC. 103. The first sentence of section 303 (b) of such Act is amended by inserting immediately before the period at the end thereof the following :
Page 57 - GUARANTEES AND LOANS SEC. 1622. (a) (1) The Secretary may not approve a loan guarantee for a project under this part unless he determines that (A) the terms, conditions, security (if any), and schedule and amount of repayments with respect to the loan are sufficient to protect the financial interests of the United States and are otherwise reasonable, including a determination that the rate of interest does not exceed such per centum per annum on the principal obligation outstanding as the Secretary...

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