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In this particular paragraph and with regard to a Point out, the phrase "2020 State work decrease" means the excess (if any) of—
Any taking part Point out that is definitely observed to obtain intentionally misstated any report issued into the Secretary underneath the Program shall be ineligible to obtain any added resources under This system.
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The term "Federal contribution" signifies the part of the contribution produced by a participating Point out to, or for that account of, an accredited Point out system that is built with Federal money allocated into the Point out via the Secretary beneath section 5702 of this title.
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A Point out other credit rating assistance method accredited beneath this area are going to be suitable for getting Federal contributions to, or with the account of, the Point out plan within an total in line with the agenda describing the apportionment of allotted Federal cash amongst Point out programs delivered because of the Condition towards the Secretary beneath the allocation arrangement.
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(three) gives for contributions being made by the Point out towards the reserve fund in amounts at least equivalent towards the sum of the amount of the coverage premium fees compensated through the borrower and also the monetary establishment into the reserve fund for just about any recently enrolled loan; and
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