The law › Title 20, Education › Chapter 28
20 U.S.C. 1066b: Federal insurance for bonds
Created in 1992 by Public Law 89-329. Changed by 3 later laws. No bill we track in this Congress changes it.
2 other sections of the Code cite this one, including 20 U.S.C. 1066a, 20 U.S.C. 1066d.
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2008
- Pub. L. 110–315, §314(b)(1)(B), inserted "within 120 days" after "loan proceeds". (Higher Education Opportunity Act) Law text · (b)
- Pub. L. 110–315, §314(b)(1)(A), which directed the substitution of "5" for "10", could not be executed because "10" did not appear subsequent to amendment by Pub. L. 105–244, §306(b)(1). See 1998 Amendment note below. (Higher Education Opportunity Act) Law text · (b)
- Pub. L. 110–315, §314(b)(2)–(4), added par. (12). (Higher Education Opportunity Act) Law text · (b)
- Pub. L. 110–315, §320(2), inserted heading. (Higher Education Opportunity Act) Law text · (e)
1998
- Pub. L. 105–244, §301(c)(5)(A), substituted "section 1066c" for "section 1132c–3". (Higher Education Amendments of 1998) Law text · (a)
- Pub. L. 105–244, §301(c)(5)(B)(i), substituted "sections 1066d(1) and 1066e" for "sections 1132c–4(1) and 1132c–5" in introductory provisions. (Higher Education Amendments of 1998) Law text · (b)
- Pub. L. 105–244, §306(b)(1), substituted "5 percent" for "10 percent" wherever appearing. (Higher Education Amendments of 1998) Law text · (b)
- Pub. L. 105–244, §301(c)(5)(B)(ii), substituted "section 1066c" for "section 1132c–3". (Higher Education Amendments of 1998) Law text · (b)
- Pub. L. 105–244, §301(c)(5)(B)(iii), made technical amendment to reference in original act which appears in text as reference to subsection (c)(1) of this section. (Higher Education Amendments of 1998) Law text · (d)
- Pub. L. 105–244, §306(b)(2), added subsec. (e). (Higher Education Amendments of 1998) Law text · (e)
1994
- Pub. L. 103–382, §360C(1)(A), inserted before semicolon ", with each eligible institution required to maintain in the escrow account an amount equal to 10 percent of the outstanding principal of all loans made to such institution under this part". · (b)
- Pub. L. 103–382, §360C(1)(B), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: "when all bonds under this part are retired or canceled, shall be divided among the eligible institutions making deposits into such account on the basis of the amount of ea… · (b)
- Pub. L. 103–382, §360C(2), substituted "conditions" for "regulations". · (b)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.