1034
PUBLIC LAW 90-575-OCT. 16, 1968
[82 STAT.
most recent period of three fiscal years preceding the effective date of the agreement." PART F—^AMENDMENTS TO NATIONAL DEFENSE STUDENT LOAN PEOGRAM (TITLE II OF NATIONAL DEFENSE EDUCATION ACT OF 1958) EXTENSION OP NATIONAL DEFENSE STUDENT LOAN PROGRAM
80 Stat- 1245 •
20 USC 422. 20 USC 426.
SEC. 171. (a) Section 201 of the National Defense Education Act of 1958 is amended— (1) by striking out "and" before "$225,000,000"; (2) by inserting after "June 30, 1968," the following: "$210,000,000 for the fiscal year ending June 30, 1969, $275,000,000 for the fiscal year ending June 30, 1970, and $300,000,000 for the fiscal year ending June 30, 1971,"; (3) by striking out "and such sums for the fiscal year ending June 30, 1969" and inserting in lieu thereof "and there are further authorized to be appropriated such sums for the fiscal year ending June 30, 1972"; and (4) by striking out "July 1, 1968" and inserting in lieu thereof "July 1, 1971". (]3) Subsection 202 of such Act is amended by striking out "1968" in subsections (a) and (b) and inserting in lieu thereof "1971". (c) Section 206 of such Act is amended by striking out "1972" each time it appears in subsections (a), (b), and (c) of such section, and inserting in lieu thereof "1975". • DMINISTRATIVE EXPENSES
20 USC 424.
Ante, p. 1033.
SEC. 172. Effective for fiscal years ending on or after June 30, 1970— (1) Section 204 of the National Defense Education Act of 1958 is amended by inserting " (a) " after "SEC. 204.", and by striking out in paragraph (3) " (C) routine expenses" and all that follows down through "whichever is the lesser" and inserting in lieu thereof " (C) administrative expenses as provided in subsection (2) Section 204 of such Act is amended by adding at the end thereof the following new subsection: "(b) An institution of higher education that has entered into an agreement with the Commissioner under this section shall be entitled for each fiscal year during which it makes any student loans from a student loan fund established under this title to a payment in lieu of reimbursement for its expenses during such fiscal year in administering its student loan program assisted under this title. Such payment (1) shall be payable from its student loan fund in accordance with regulations of the Commissioner, and (2) (except as provided in section 463(b) of the Higher Education Act of 1965) shall be an amount equal to 3 per centum of the principal amount of loans made from such fund during a fiscal year." AMENDMENTS TO TEACHER CANCELLATION PROVISION
20 USC 425.
20 USC 241c.
SEC. 173. (a)(1) Section 205(b)(3) of the National Defense Education Act of 1958 is amended by inserting after "50 per centum of any such loan" the following: "made prior to July 1, 1970". (2) Clause (A) of such section is amended by inserting before "the Commissioner shall not make such determination" the following: " (unless all of the schools so determined are schools in which the enrollment of children described in clause (A), (B), or (C) of section 103(a)(2) of such Public Law (using a low-income factor of $3,000) exceeds 50 per centum of the total enrollment of the school)".
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