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PUBLIC LAW 89-329-NOV. 8, 1965
[79 STAT.
and inserting in lieu thereof "for the purposes set forth in subsection (b) of this section". 2^0^use"7^15!' w) Clause (3) of section 105(a) is amended by inserting "(except Ante, p. 1267. as provided in section 1 0 4 (b)(2)) " after "section 104 will be available". REVISING FEDERAL S H A R E FOR P U B L I C COMMUNITY COLLEGES A N D P U B L I O TECHNICAL I N S T I T U T l ^
20 USC 717.
20 USC 751.
(c)(1) Section 105(a)(2) of the Higher Education Facilities Act of 1963 is amended by striking out "other than a project for a public community college or public technical institute". (2) Section 107(b) of such Act is amended (1) by striking out "other than a project for a public community college or public technical institute", and (2) by striking out "shall be 40 per centum" and inserting in lieu thereof "shall in no event exceed 40 per centum". ^3^ Section 401(d) of such Act is amended by inserting immediately before "40 per centum" the following: "a percentage (as determined under the applicable State plan) not in excess of". T H R E E - Y E A R AVAILABILITY OF S U M S APPROPRIATED U N D E R SECTION
20 USC 731.
201
(d) The last sentence of section 201 of the Higher Education Facili^jgg ^(jt of 1963 is amended to read as follows: Sums appropriated pursuant to this section for any fiscal year shall remain available for grants under this title until the end of the second succeeding fiscal year. TWO-YEAR AVAILABILITY OF TITLE III F U N D S
20 USC 743.
(e) Section 303(c) of the Higher Education Facilities Act of 1963 is amended by adding at the end the following new sentence: "Sums appropriated pursuant to this subsection for any fiscal year shall remain available for loans under this title until the end of the next succeeding fiscal year." COORDINATION W I T H PART A (GRANTS FOR E X P A N S I O N A N D IMPROVEMENT OF N U R S E T R A I N I N G) OF TITLE VIII OF THE P U B L I C H E A L T H SERVICE ACT
(f) Effective with respect to applications for grants and loans submitted after the date of enactment of this Act, clause (E) of section 401 (a)(2) of the Higher Education Facilities Act of 1963 is amended to read as follows: " (E) any facility used or to be used by a school of medicine, school of dentistry, school of osteopathy, school of pharmacy, school of optometry, school of podiatry, or school of public health as these terms are defined in section 724 of the Public Health Service Act, or a schtK)l of nursing as defined in section 843 of that 77 Stat. 169; 78 Stat. 918. 42 USC 293d, 298b.
A r>+ " -ii-UU C H A N G E I N I N T E R E S T RATE FOR TITLE III L O A N S
SEC. 703. (a) Subsection (b) of section 303 of the Higher Education Facilities Act of 1963 is amended by inserting " (1) " after "shall bear interest at", and by inserting before the period at the end thereof a comma and the following: "or (2) the rate of 3 per centum per annum, whichever is the lesser". (b) The amendment made by this section shall be applicable only with respect to loans made after the date of enactment of this Act.
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