Title 20 — Education
Chapter 52 — Education for Economic Security
§ 4017. Recovery of costs
Statutory text
Loan condition
As a condition of the award of any financial assistance under section 4014 of this title, the recipient of any such loan or grant shall permit the United States to sue on behalf of such recipient any person determined by the Attorney General to be liable to the recipient for the costs of any activities undertaken by the recipient under such section.
The proceeds from any judgment recovered in any suit brought by the United States under paragraph (1) (or, if the recipient files a similar suit on its own behalf, the proceeds from a judgment recovered by the recipient in such suit) shall be used to repay to the United States, by deposit in the Asbestos Trust Fund established by section 4022 of this title, to the extent that the proceeds are sufficient to provide for such repayment, an amount equal to the sum of—
the amount (i) outstanding on any loan and (ii) of any grant made to the recipient; and
an amount equal to the interest which would have been charged on such loan were the loan made by a commercial lender at prevailing interest rates (as determined by the Administrator).
Expeditious recovery
The Attorney General shall, where appropriate, proceed in an expeditious manner to recover the amounts expended by the United States to carry out this subchapter from the persons identified by the Attorney General as being liable for such costs.
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.
Asbestos School Hazard Abatement Act of 1984
Pub. L. 98–377 title V § 508 · 98 Stat. 1267
Enacted · 20 U.S.C. § 4017
Pub. L. 98–377, title V, § 508, Aug. 11, 1984, 98 Stat. 1293
Source evidence
Code source credit
Pub. L. 98–377, title V, § 508, Aug. 11, 1984, 98 Stat. 1293Enacted provision · exact public law section
Sec. 508. (a) (1) As a condition of the award of any financial Suits. 20 USC 4017. assistance under section 505, the recipient of any such loan or grant shall permit the United States to sue on behalf of such recipient any person determined by the Attorney General to be liable to the recipient for the costs of any activities undertaken by the recipient under such sections. (2) The proceeds from any judgment recovered in any suit brought by the United States under paragraph (1) (or, if the recipient files a similar suit on its own behalf, the proceeds from a judgment recovered by the recipient in such suit) shall be used to repay to the United States, to the extent that the proceeds are sufficient to provide for such repayment, an amount equal to the sum of— (A) the amount (i) outstanding on any loan and (ii) of any grant made to the recipient; and (B) an amount equal to the interest which would have been charged on such loan were the loan made by a commercial lender at prevailing interest rates (as determined by the Administrator). (b) The Attorney General shall, where appropriate, proceed in an expeditious manner to recover the amounts expended by the United States to carry out this title from the persons identified by the Attorney General as being liable for such costs.Asbestos School Hazard Abatement Reauthorization Act of 1990
Pub. L. 101–637 § 14(a)(8) · 104 Stat. 4589
Inserted · 20 U.S.C. § 4017
Pub. L. 101–637, § 14(a)(8), inserted section catchline
Source evidence
Code amendment note
Pub. L. 101–637, § 14(a)(8), inserted section catchline.Enacted provision · exact public law section
(8) Section 508 is amended by striking out “Sec. 508.” and inserting the following section heading: “SEC. 508. RECOVERY OF COSTS.”.Asbestos School Hazard Abatement Reauthorization Act of 1990
Pub. L. 101–637 § 14(b)(10) · 104 Stat. 4589
Inserted · 20 U.S.C. § 4017(a)
Pub. L. 101–637, § 14(b)(10), inserted heading
Source evidence
Code amendment note
Subsec. (a). Pub. L. 101–637, § 14(b)(10), inserted heading.Enacted provision · exact public law section
(10) Section 508(a) is amended by inserting “Loan Condition.—” 20 USC 4017. after “(a)”.Asbestos School Hazard Abatement Reauthorization Act of 1990
Pub. L. 101–637 § 14(c)(5) · 104 Stat. 4589
Substituted · 20 U.S.C. § 4017(a)(1)
Pub. L. 101–637, § 14(c)(5), substituted “section” for “sections” after “such”
Source evidence
Code amendment note
Subsec. (a)(1). Pub. L. 101–637, § 14(c)(5), substituted “section” for “sections” after “such”.Enacted provision · exact public law section
(5) Section 508 is amended by striking out “sections” and inserting in lieu thereof “section”.Asbestos School Hazard Abatement Reauthorization Act of 1990
Pub. L. 101–637 § 9 · 104 Stat. 4589
Inserted · 20 U.S.C. § 4017(a)(2)
Pub. L. 101–637, § 9, inserted “by deposit in the Asbestos Trust Fund established by section 4022 of this title,” after “repay to the United States,”
Source evidence
Code amendment note
Subsec. (a)(2). Pub. L. 101–637, § 9, inserted “by deposit in the Asbestos Trust Fund established by section 4022 of this title,” after “repay to the United States,”.Enacted provision · exact public law section
SEC. 9. RECOVERY OF COSTS. 20 USC 4017. Paragraph (2) of section 508(a) is amended by inserting after “repay to the United States,” the following: “by deposit in the Asbestos Trust Fund established by section 5 of the Asbestos Hazard Emergency Response Act (20 U.S.C. 4022),”.Asbestos School Hazard Abatement Reauthorization Act of 1990
Pub. L. 101–637 § 14(b)(11) · 104 Stat. 4589
Inserted · 20 U.S.C. § 4017(b)
Pub. L. 101–637, § 14(b)(11), inserted heading
Source evidence
Code amendment note
Subsec. (b). Pub. L. 101–637, § 14(b)(11), inserted heading.Enacted provision · exact public law section
(11) Section 508(b) is amended by inserting “Expeditious Recovery.—” after “(b)”.
6 of 6 references resolved to an enrolled provision
Editorial Notes
Amendments
1990—Pub. L. 101–637, § 14(a)(8), inserted section catchline.
Subsec. (a). Pub. L. 101–637, § 14(b)(10), inserted heading.
Subsec. (a)(1). Pub. L. 101–637, § 14(c)(5), substituted “section” for “sections” after “such”.
Subsec. (a)(2). Pub. L. 101–637, § 9, inserted “by deposit in the Asbestos Trust Fund established by section 4022 of this title,” after “repay to the United States,”.
Subsec. (b). Pub. L. 101–637, § 14(b)(11), inserted heading.
Credits
1984–1990 · 2 acts
- 1984Pub. L. 98–377, title V, § 508, , 98 Stat. 1293
- 1990Pub. L. 101–637, §§ 9, 14(a)(8), (b)(10), (11), (c)(5), , 104 Stat. 4592, 4594–4596.
Show as published
(Pub. L. 98–377, title V, § 508, , 98 Stat. 1293; Pub. L. 101–637, §§ 9, 14(a)(8), (b)(10), (11), (c)(5), , 104 Stat. 4592, 4594–4596.)