Title 2 — The Congress
Chapter 17 — Congressional Budget Office
§ 610. Repayment of student loan on behalf of employee
Statutory text
Authorization
The Director of the Congressional Budget Office may, in order to recruit or retain qualified personnel, establish and maintain on and after , a program under which the Office may agree to repay (by direct payments on behalf of the employee) all or a portion of any student loan previously taken out by such employee.
Regulations
The Director may, by regulation, make applicable such provisions of section 5379 of title 5 as the Director determines necessary to provide for such program.
Maximum amount
The regulations shall provide the amount paid by the Office may not exceed—
$6,000 for any employee in any calendar year; or
a total of $40,000 in the case of any employee.
Limitation
The Office may not reimburse an employee for any repayments made by such employee prior to the Office entering into an agreement under this section with such employee.
Accounting
Any amount repaid by, or recovered from, an individual under this section and its implementing regulations shall be credited to the appropriation account available for salaries and expenses of the Office at the time of repayment or recovery.
Applicability
This section shall apply to fiscal year 2002 and each fiscal year thereafter.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 107–68 title I § 127 · 115 Stat. 560
Enacted · 2 U.S.C. § 610
(Pub. L. 107–68, title I, § 127, Nov. 12, 2001, 115 Stat. 577.)
Source evidence
Code source credit
(Pub. L. 107–68, title I, § 127, Nov. 12, 2001, 115 Stat. 577.)Enacted provision · exact public law section
Sec. 127. (a) The Director of the Congressional Budget Office 2 USC 610. may, in order to recruit or retain qualified personnel, establish and maintain hereafter a program under which the Office may agree to repay (by direct payments on behalf of the employee) all or a portion of any student loan previously taken out by such employee. (b) The Director may, by regulation, make applicable such provisions of section 5379 of title 5, United States Code as the Director determines necessary to provide for such program. (c) The regulations shall provide the amount paid by the Office may not exceed— (1) $6,000 for any employee in any calendar year; or (2) a total of $40,000 in the case of any employee. (d) The Office may not reimburse an employee for any repayments made by such employee prior to the Office entering into an agreement under this section with such employee. (e) Any amount repaid by, or recovered from, an individual under this section and its implementing regulations shall be credited to the appropriation account available for salaries and expenses of the Office at the time of repayment or recovery. (f) This section shall apply to fiscal year 2002 and each fiscal year thereafter.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Section was enacted as part of the Congressional Operations Appropriations Act, 2002, which is title I of the Legislative Branch Appropriations Act, 2002, and not as part of title II of the Congressional Budget and Impoundment Control Act of 1974 which comprises this chapter.