86 STAT. ]
PUBLIC LAW 92-385-AUG. 16, 1972
made under this section for the rejjair, restoration, reconstruction, or replacement of any facility for which disaster relief assistance would not be authorized under Public Law 81-815, title VII of the Higher Education Act of 1965, or the Disaster Relief Act of 1970 if such facility were a public facility. (c) The amount of a ffrant made under this section shall not— '
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(1) exceed 100 per centum of the cost of— (A) repairing, restoring, reconstructing, or replacing any facility on the basis of the design of such facility as it existed immediately prior to the disaster referred to in subsection (b) and in conformity with applicable codes, specifications, and standards; and (B) repairing, restoring, or replacing equipment or supplies; as they existed immediately prior to such disaster; (2) in the case of any facility which was under construction when damaged or destroyed as a result of such disaster, exceed 50 per centum of the cost of restoring such facility substantially to its condition prior to such disaster, and of completing construction not performed prior to such disaster to the extent that the cost of completing construction is increased over the original construction cost due to changed conditions resulting from such disaster; (3) be used to pay any part of the cost of facilities, supplies, or equipment which are to be used primarily for sectarian purposes; or (4) be used to restore or rebuild any facility used or to be used primarily for religious worship; replace, restore, or repair any equipment or supplies used or to be used primarily for religious instruction, or restore or rebuild any facility or furnish any equipment or supplies which are used or to be used primarily in connection with any part of the program of a school or department of divinity. (d) For the purposes of this section— (1) the term "educational institution" means any elementary school (as defined by section 801(c) of the Elementary and Secondary Education Act of 1965), any secondary school (as defined by section 801(h) of the Elementary and Secondary Education Act of 1965), and any institution of higher education (as defined by Fection 1201(a) of the Higher Education Act of 1965); and (2) the term "school or department of divinity" means a school or department of divinity as defined by section 1201(1) of the ^ Higher Education Act of 1965. SEC. 5. Subtitle C of the Consolidated Farmers Home Administration Act of 1961, as amended (7 U.S.C. 1961-1967), is amended by adding at the end thereof the following new section: "SEC. 328. (a) Notwithstanding any other provision of law, in the administration of this subtitle and the rural housing loan program under section 502 of title V of the Housing Act of 1949, as amended (42 U.S.C. 1472), in the case of property loss or damage or injury resulting from a major disaster as determined by the President or a natural disaster as determined by the Secretary of Agriculture which occurred after June 30, 1971, and prior to July 1, 1973, the Secretary— "(1) to the extent such loss or damage or injury is not compensated for by insurance or otherwise, (A) shall cancel the principal of the loan, except that the total amount so canceled shall not exceed the greater of (i) 50 per centum of the original principal amount of such loan but not more than $5,000, or (ii) the per centum that would be canceled of a loan of the same size by the Small Business Administration under section 7(b) of the
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72 Stat. S48. ^."^p.^ss. 84 Stat. 1744. ^^ "^^ '^^^^ note •
Definitions. ^9 Stat. 55; ^^2o*usc ssi. 82ltat*^\*042^^' 1050.^ ' 20 USC 1141. ^"^«' P- 260 • 75 Stat. 311; ^^ ^'^*' " ^ ^
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