GENERAL PROVISIONS.

SEC. 134. GENERAL PROVISIONS. (a) Maximum Student Loan Provisions and Minimum Payments.— “(1) In general.— Section 722(a)(1) of the Public Health Service Act (42 U.S.C. 292r(a)(1)), as amended by section 2014(b)(1) of Public Law 103–43, is amended by striking “the sum of” and all that follows through the end thereof and inserting “the cost of attendance (including tuition, other reasonable educational expenses, and reasonable living costs) for that year at the educational institution attended by the student (as determined by such educational institution).”. “(2) Third and fourth years.— Section 722(a)(2) of the Public Health Service Act (42 U.S.C. 292r(a)(2)), as amended by section 2014(b)(1) of Public Law 103–43, is amended by striking “the amount $2,500” and all that follows through “including such $2,500)” and inserting “the amount of the loan may, in the case of the third or fourth year of a student at a school of medicine or osteopathic medicine, be increased to the extent necessary”. “(3) Repayment period.— Section 722(c) of the Public Health Service Act (42 U.S.C. 292r(c)), as amended by section 2014(b)(1) of Public Law 103–43, is amended— (A) in the subsection heading by striking “Ten-Year” and inserting “Repayment”; (B) by striking “ten-year period which begins” and inserting “period of not less than 10 years nor more than 25 years, at the discretion of the institution, which begins”; and (C) by striking “such ten-year period” and inserting “such period”. 112 STAT. 3578 “(4) Minimum payments.— Section 722(j) of the Public Health Service Act (42 U.S.C. 292r(j)), as amended by section 2014(b)(1) of Public Law 103–43, is amended by striking “$15” and inserting “$40”. (b) Elimination of Statute of Limitation for Loan Collections.— (1) In general.— Section 722 of the Public Health Service Act (42 U.S.C. 292r), as amended by section 2014(b)(1) of Public Law 103–43, is amended by adding at the end the following new subsection: “(m) Elimination of Statute of Limitation for Loan Collections.— “(1) Purpose.— It is the purpose of this subsection to ensure that obligations to repay loans under this section are enforced without regard to any Federal or State statutory, regulatory, or administrative limitation on the period within which debts may be enforced. “(2) Prohibition.— Notwithstanding any other provision of Federal or State law, no limitation shall terminate the period within which suit may be filed, a judgment may be enforced, or an offset, garnishment, or other action may be initiated or taken by a school that has an agreement with the Secretary pursuant to section 721 that is seeking the repayment of the amount due from a borrower on a loan made under this subpart after the default of the borrower on such loan.”. (2) Effective date.— The amendment made by paragraph (1) shall be effective with respect to actions pending on or after the date of enactment of this Act. (c) Date Certain for Contributions.— Paragraph (2) of section 735(e) of the Public Health Service Act (42 U.S.C. 292y(e)(2))is amended to read as follows: “(2) Date certain for contributions.— Amounts described in paragraph (1) that are returned to the Secretary shall be obligated before the end of the succeeding fiscal year.”.