Establishment
The Secretary shall establish a loan program that provides loans to qualifying hospitals for payment of the capital costs of projects described in subsection (d).
Application
No loan may be provided under this section to a qualifying hospital except pursuant to an application that is submitted and approved in a time, manner, and form specified by the Secretary. A loan under this section shall be on such terms and conditions and meet such requirements as the Secretary determines appropriate.
Selection criteria
In general
The Secretary shall establish criteria for selecting among qualifying hospitals that apply for a loan under this section. Such criteria shall consider the extent to which the project for which loan is sought is nationally or regionally significant, in terms of expanding or improving the health care infrastructure of the United States or the region or in terms of the medical benefit that the project will have.
Qualifying hospital defined
Entity described
Projects
A project described in this subsection is a project of a qualifying hospital that is designed to improve the health care infrastructure of the hospital, including construction, renovation, or other capital improvements.
State and local permits
Forgiveness of indebtedness
Funding
In general
There are appropriated, out of amounts in the Treasury not otherwise appropriated, to carry out this section, $200,000,000, to remain available during the period beginning on , and ending on .
Administrative costs
From funds made available under paragraph (1), the Secretary may use, for the administration of this section, not more than $2,000,000 for each of fiscal years 2004 through 2008.
Availability
Amounts appropriated under this section shall be available for obligation on .
Report to Congress
Not later than 4 years after , the Secretary shall submit to Congress a report on the projects for which loans are provided under this section and a recommendation as to whether the Congress should authorize the Secretary to continue loans under this section beyond fiscal year 2008.
Limitation on review
There shall be no administrative or judicial review of any determination made by the Secretary under this section.
Aug. 14, 1935, ch. 531Pub. L. 108–173, title X, § 1016117 Stat. 2447Pub. L. 109–13, div. A, title VI, § 6045(a)119 Stat. 294(, title XVIII, § 1897, as added , , ; amended , (b), , .)
Editorial Notes
References in Text
The Internal Revenue Code of 1986, referred to in subsec. (c)(3)(A), is classified generally to Title 26, Internal Revenue Code.
Pub. L. 89–32979 Stat. 1219section 1 of Pub. L. 89–329section 1001 of Title 20The Higher Education Act of 1965, referred to in subsec. (f), is , , . Part D of title IV of the Act is classified generally to part D (§ 1087a et seq.) of subchapter IV of chapter 28 of Title 20, Education. For complete classification of this Act to the Code, see , set out as a Short Title note under and Tables.
Amendments
Pub. L. 109–13, § 6045(a)(1)(A)2005—Subsec. (c)(2). , inserted “or an entity described in paragraph (3)” after “means a hospital” in introductory provisions.
Pub. L. 109–13, § 6045(a)(1)(B)Subsec. (c)(2)(B). , inserted “legislature” after “designated by the State” and “and such designation by the State legislature occurred prior to ” before period at end.
Pub. L. 109–13, § 6045(a)(2)Subsec. (c)(3). , added par. (3).
Pub. L. 109–13, § 6045(b)Subsec. (i). , added subsec. (i).
Statutory Notes and Related Subsidiaries
Effective Date of 2005 Amendment
Pub. L. 109–13, div. A, title VI, § 6045(c)119 Stat. 295