Page:United States Statutes at Large Volume 101 Part 1.djvu/393

 PUBLIC LAW 100-50—JUNE 3, 1987

101 STAT. 363

"(C) not less than $5,700,000 shall be available in each fiscal year to assist a separate system of 16 education resources information clearinghouses (including direct supporting dissemination services) pursuant to subsection (d)(3)(A) of this section, having the same functions and scope of work as the j; clearinghouses had on the date of enactment of the Higher Education Amendments of 1986;". 20 USC lOOl (b) EDUCATION STATISTICS.—Section 406(e)(1) of the General Edu- note. cation Provisions Act is amended by adding at the end thereof the 20 USC I22le-1. following new sentence: "All funds received in payment for work or services described in this paragraph shall be deposited in a separate account which may be used to pay directly the costs of such work or services, to repay appropriations which initially bore all or part of such costs, or to refund excess sums when necessary.". SEC. 25. UNITED STATES INSTITUTE OF PEACE.

Section 1703 of the United States Institute of Peace Act is 22 USC 4604. amended by inserting after "(3)" the following: "establish a Jeannette Rankin Research Program on Peace to". SEC. 26. EXEMPTION FROM CERTAIN PROVISIONS OF LAW.

The parties to the term loan and security agreement dated March 3, 1986, as amended, pursuant to which up to $21,000,000 of loans will be made to students and parents of students at a university located in California by a branch of a foreign bank located in New York shall, with respect to loans made on or before February 20, 1987, and the transactions relating thereto under such term loan and security agreement, be deemed not to be in violation of the provisions of sections 435(d)(5)(A) and 490(c) of the Higher Education Act of 1965. SEC. 27. EFFECTIVE DATE OF TECHNICAL AMENDMENTS.

Loans. Contracts. California.

20 USC 1085, 1097.

The amendments made by this Act shall take effect as if enacted 20 USC 1001 note. as part of the Higher Education Amendments of 1986. Approved June 3, 1987.

LEGISLATIVE HISTORY—H.R. 1846: HOUSE REPORTS: No. 100-44 (Comm. on Education and Labor). CONGRESSIONAL RECORD, Vol. 133 (1987): Apr. 21, considered and passed House. May 19, considered and passed Senate, amended. May 20, House concurred in Senate amendment.

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