42 USC 254o-1 - Fund regarding use of amounts recovered for contract breach to replace services lost as result of breach

U.S Code last checked for updates: Nov 22, 2024

§ 254o–1.

Fund regarding use of amounts recovered for contract breach to replace services lost as result of breach

(a)

Establishment of Fund

(b)

Authorization of appropriations to Fund

For each fiscal year, there is authorized to be appropriated to the Fund an amount equal to the sum of—

(1)

the amount collected during the preceding fiscal year by the Federal Government pursuant to the liability of individuals under section 254o of this title for the breach of contracts entered into under section 254l or 254l–1 of this title;

(2)

the amount by which grants under section 254q–1 of this title have, for such preceding fiscal year, been reduced under subsection (g)(2)(B) of such section; and

(3)

the aggregate of the amount of interest accruing during the preceding fiscal year on obligations held in the Fund pursuant to subsection (d) and the amount of proceeds from the sale or redemption of such obligations during such fiscal year.

(c)

Use of Fund

(1)

Payments to certain health facilities

Amounts in the Fund and available pursuant to appropriations Act may, subject to paragraph (2), be expended by the Secretary to make payments to any entity—

(A)

to which a Corps member has been assigned under section 254f of this title; and

(B)

that has a need for a health professional to provide primary health services as a result of the Corps member having breached the contract entered into under section 254l or 254l–1 of this title by the individual.

(2)

Purpose of payments

(d)

Investment

(1)

In general

(2)

Sale of obligations

(July 1, 1944, ch. 373, title III, § 338F, as added Pub. L. 101–597, title II, § 204, Nov. 16, 1990, 104 Stat. 3027.)

cite as: 42 USC 254o-1