§1072b. Agency Operating Fund — Inbound Citations

Citations to 20 U.S.C. § 1072b as a whole

• 20 U.S.C. § 1072a(a)

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  (a) Each guaranty agency shall, not later than 60 days after October 7, 1998, deposit all funds, securities, and other liquid assets contained in the reserve fund established pursuant to section 1072 of this title into a Federal Student Loan Reserve Fund (in this section and section 1072b of this title referred to as the “Federal Fund”), which shall be an account of a type selected by the agency, with the approval of the Secretary.
• 20 U.S.C. § 1072a(d)(2)

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  (2) to pay into the Agency Operating Fund established pursuant to section 1072b of this title (in this section and section 1072b of this title referred to as the “Operating Fund”) a default aversion fee in accordance with section 1078(l) of this title.
• 20 U.S.C. § 1078(c)(6)(A)(ii)

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  (ii) an amount equal to 24 percent of such payments for use in accordance with section 1072b of this title, except that—

  (I) beginning October 1, 2003 and ending September 30, 2007, this clause shall be applied by substituting “23 percent” for “24 percent”; and

  (II) beginning October 1, 2007, this clause shall be applied by substituting “16 percent” for “24 percent”.
• 20 U.S.C. § 1078(l)(2)(A)

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  (A) A guaranty agency, in accordance with the provisions of this paragraph, may transfer from the Federal Student Loan Reserve Fund under section 1072a of this title to the Agency Operating Fund under section 1072b of this title a default aversion fee. Such fee shall be paid for any loan on which a claim for default has not been paid as a result of the loan being brought into current repayment status by the guaranty agency on or before the 300th day after the loan becomes 60 days delinquent.
• 20 U.S.C. § 1078–6(a)(1)(E)(ii)

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  (ii) the Secretary shall pay the guaranty agency, for deposit in the agency’s Operating Fund established pursuant to section 1072b of this title, an amount equal to the amount added to the principal and interest outstanding at the time of the assignment in accordance with clause (i).
• 20 U.S.C. § 1087h(a)(5)

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  (5) Account maintenance fees under paragraph (3)² shall be paid quarterly and deposited in the Agency Operating Fund established under section 1072b of this title.
• 20 U.S.C. § 1092e(b)(3)

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  (3) The activities required by this section may be funded from the guaranty agency’s Operating Fund established pursuant to section 1072b of this title and, to the extent funds remain, from earnings on the restricted account established pursuant to section 1072(h)(4) of this title.