legislation: 102-hr-5057
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| 102-hr-5057 | 102 | hr | 5057 | To facilitate the development of an integrated, nationwide telecommunications system dedicated to instruction by guaranteeing the acquisition of a communications satellite system used solely for communications among State and local instructional institutions and agencies and instructional resource providers. | Education | 1992-05-05 | 1992-07-20 | Referred to the Subcommittee on Elementary, Secondary and Vocational Education. | House | Rep. Brown, George E., Jr. [D-CA-36] | CA | D | B000918 | 3 | Authorizes the Secretary of Education (the Secretary) to carry out an educational satellite loan guarantee program. Guarantees any lender against loss of principal or interest on a loan which is to be used solely to acquire and operate a communications satellite system dedicated to transmitting instructional programming. Restricts such a loan to a non-Federal, nonprofit, public corporation: (1) whose sole purpose is to acquire and operate such a system; (2) whose governing board includes members representing elementary and secondary education, vocational and technical education, community and State colleges, and universities; (3) whose charter is designed for affiliation with State and local instructional institutions and agencies, and other distance learning and instructional resource providers; and (4) which is in existence as of January 1, 1992. Requires such corporation, before such loan is guaranteed, to have: (1) investigated all practical means to acquire a communications satellite system; (2) reported to the Secretary its findings; and (3) recommended the most cost-effective, high-quality communications satellite system for the purposes of this Act. Sets forth limitations on the amount of guaranteed loans to: (1) acquire such system; and (2) operate and manage such system for up to three years. Requires the lender to assign rights and interests in such system to the United States upon payment of such loan guarantee. Authorizes the United States to exercise, retain, or dispose of any such right or interest in any manner it deems fit, upon recommendation of the Secretary. Authorizes appropriations. | 2025-07-21T19:44:15Z |