Page:United States Statutes at Large Volume 82.djvu/1103

This page needs to be proofread.
[82 STAT. 1061]
[82 STAT. 1061]
PUBLIC LAW 90-000—MMMM. DD, 1968

82 STAT. ]

PUBLIC LAW 90-575-OCT. 16, 1968

1061

"(e) No annual interest grant pursuant to this section shall be made unless the Commissioner finds (1) that not less than 10 per centum of the development cost of the facility will be financed from non-Federal sources, (2) that the applicant is unable to secure a loan in the amount of the loan with respect to which the annual interest grant is to be made, from other sources upon terms and conditions equally as favorable as the terms and conditions applicable to loans under this title, and (3) that the construction will be undertaken in an economical manner and that it will not be of elaborate or extravagant design or materials. For purposes of this section, a loan with respect to which an interest grant IS made under this section shall not be considered financing from a nonFederal source. For purposes of the other provisions of this Act, such a loan shall be considered financing from a non-Federal source." E X T E N D I N G AUTHORIZATION FOR H I G H E R EDUCATION F A C I L I T I E S CONSTRUCTION ASSISTANCE I N M A J O R DISASTER AREAS

SEC. 404. Section 408(a) of the Higher Education Facilities Act of 1963 is amended by striking out "July 1, 1967," and inserting in lieu thereof "July 1, 1971,". I N C R E A S I N G FEDERAL

20 USC 758.

SHARE

SEC. 405. (a) Sections 107(b) and 401(d) of the Higher Education Facilities Act of 1963 are each amended (1) by striking out "33i/^ per centum" and inserting in lieu thereof "50 per centum" and (2) by striking out "40 per centum" and inserting in lieu thereof "50 per centunr'. (b) Section 202(b) of such Act is amended by striking out "3314 per centum" and inserting in lieu thereof "50 per centum".

20 USC 7 1 7, 7 5 1.

20 USC 732.

MINIMUM TITLE I ALLOTMENTS TO STATES A N D TERRITORIES

SEC. 406. (a) Title I of the Higher Education Facilities Act of 1963 is amended by inserting after the second sentence of section 103 and after the first sentence of section 104 the following: "The amount allotted to any State under the preceding sentence for any fiscal year which is less than $50,000 shall be increased to $50,000, the total of increases thereby required being derived by proportionately reducing the amount allotted to each of the remaining States under the preceding sentence, but with such adjustments as may be necessary to prevent the allotment of any such remaining States from being thereby reduced to less than $50,000." (b) The amendments made by this section shall apply with respect to fiscal years ending on or after June 30, 1969.

20 USC 7 1 3, 7 1 4.

Effective date.

TITLE V—MISCELLANEOUS E X T E N S I O N OF PROGRAM OF F I N A N C I A L ASSISTANCE FOR S T R E N G THE N I N G INSTRUCTION I N THE H U M A N I T I E S A N D ARTS

SEC. 501. (a) The first sentence of section 12 of the National Foundation on the Arts and the Humanities Act of 1965 is amended (1) by striking out "two succeeding years" and inserting in lieu thereof "five succeeding fiscal years", and (2) by striking out all that follows "$500,000" and inserting in lieu thereof a period. (b) Such section is further amended, (1) in subsection (b), by striking out "allotted" and inserting in lieu thereof "reserved, allotted, and reallotted"; and (2) in subsection (f), by striking out "allot and".

20 USC 9 6 1.