Amendment sought to remove the Federal mandate of "not less than 30%" for principal forgiveness and allow States to provide such forgiveness at a rate of "30% or less" when dealing with funds made available under the American Recovery and Reinvestment Act.

Purpose:

An amendment to strike "not less that 30 percent" and insert "30 percent or less".

House Amendment Code:

(A039)

House Tally Clerks use this code to manage amendment information.