Page:United States Statutes at Large Volume 74.djvu/852

This page needs to be proofread.
[74 Stat. 812]
[74 Stat. 812]
PUBLIC LAW 86-000—MMMM. DD, 1960

812

Payments.

Ante, p. 210.

PUBLIC LAW 86-712~SEPT. 6, 1960

[74

ST AT,

Section 217 of such Act (68 Stat. 109; sec. 43-1616, D.C. Code, 1951 edition) is amended by inserting " (a) " immediately before the first word of such section and by adding at the end thereof the following subsection: " (b) Notwithstanding the provisions of the preceding subsection, the interest and principal payments on not to exceed $10,000,000 of the loans authorized by section 214 of this Act shall be deferred whenever the Secretary of the Treasury finds that the income received from charges for sewerage service attributable to sewage flowing into the District of Columbia sanitary sewage works from the Potomac interceptor (authorized by Public Law 86-515) is inadequate to provide for the payment of such interest or principal, or both interest and principal, and such deferred interest and principal shall be added to the sums payable to the Secretary of the Treasury in later years." Approved September 6, 1960. Public Law 86-712

SepteRA>er 6, 1960 [S. 1321]

72 Stat. 1580. 20 USC 401note^

U n i v e r s i t y of Vermont Trust Fund. J. B. Wilbur.

AN ACT To authorize the Attorney General to consent, on behalf of the Library of Congress Trust Fund Board, to a modification of the terms of a trust instrume„t executed by James B, Wilbur. Whereas, under the provisions of an instrument executed by James B. Wilbur, there was established a trust fund, known as the University of Vermont Trust Fund, composed of the sum of approximately $1,500,000, the income from which was to be used, subject to other provisions contained therein, to provide scholarships for residents of the State of Vermont attending the University of Vermont; and Whereas that instrument provides further that in the event that the enrollment of the University of Vermont should exceed a number determined in conformity with provisions of that instrument, or if certain other contingencies should occur, the sum comprising the corpus of the fund should be paid to the Library of Congress Trust Fund Board; and Whereas, by decree issued by the Washington County Chancery Court of the State of Vermont, dated September 19, 1932, the limitation contained in that instrument with respect to the enrollment of the University of Vermont was construed to apply to the College of Arts and Sciences of the University of Vermont, rather than to the entire enrollment of that University; and Whereas the enrollment of the University of Vermont College of Arts and Sciences has approached the aforesaid numerical limitation, and it has become necessary to refuse admission to qualified applicants for enrollment because of said limitation in order to retain the benefits of these scholarships for the residents of the State of Vermont; and Whereas the national policy, as recited by the National Defense Education Act of 1958, recognizes the need for additional and expanded educational opportunities, particularly in the sciences; and Whereas the aforesaid limitation is in conflict with the stated policy of the National Defense Education Act of 1958: Now, therefore, Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) the Attorney General of the United States is authorized and directed to take such action, on behalf of and in the name of the United States and the Library of Congress Trust F u n d Board, as he may determine to be