loans to schools and technical and conforming amendments

loans to schools and technical and conforming amendments Sec. 406. (a) (1) Sections 744 and 746 are repealed. (2) Section 745 is redesignated as section 744. (b) The health professions education fund created within the Treasury by section 744(d)(1) of the Public Health Service Act (as in effect before the date of enactment of this Act) shall remain available to the Secretary of Health, Education, and Welfare for the purpose of meeting his responsibilities respecting participations in obligations acquired under such section. The Secretary shall continue to deposit in such fund all amounts received by him as interest payments or repayments of principal on loans under such section 744. If at any time the Secretary determines the moneys in the fund exceed the present and any reasonable prospective future requirements of such fund, such excess may be transferred to the general fund of the Treasury. (c) There are authorized to be appropriated without fiscal year limitation such sums as may be necessary to enable the Secretary to make payments under agreements entered into under section 744 (b) of the Public Health Service Act before September 30, 1977. (d) Section 742(b) is amended (1) by striking out “, and for loans pursuant to section 744” in paragraph (1), and (2) by striking out “whether as Federal capital contributions or as loans to schools under section 744” in paragraph (3). (e) Section 743 (b) is amended by striking out “(other than so much of such fund as relates to payments from the revolving fund established by section 744(d))”.