Pub. L. 94-278, tit. II, sec. 203

Pub. L. 94-278, tit. II, sec. 203

EnactedYear: 1976Length: 142 wordsOfficial source
Sec. 203. (a) (1) Subparagraph (A) of the first paragraph (4) of subsection (c) of section 472 is amended by striking out “and the interest on such amount” down through and including “was made”. (2) The last sentence of subparagraph (B) of such paragraph is amended by striking out “at the same rate as that fixed by the Secretary of the Treasury under subparagraph (A) to determine the amount due the United States” and inserting in lieu thereof “at a rate fixed by the Secretary of the Treasury after taking into consideration private consumer rates of interest prevailing on the date the United States becomes entitled to such amount”. (b) The amendments made by subsection (a) shall apply with respect to National Research Awards under section 472 which are made from appropriations for fiscal years ending on or after June 30, 1975.
Pub. L. 94-278, tit. II, sec. 203 | Justis AI