Page:United States Statutes at Large Volume 80 Part 1.djvu/1355

 80 STAT.]

PUBLIC LAW 8 9 - 7 6 9 - N O V. 6, 1966

1319

replacenieiiiof the acadfJiiic facilities destroyed or seiioiisly daiiia.ped as a result of the disaster. "(b) In addition to and apart froni the assistance provided to a public histitution of higher education under subsection (a), the Commissioner may provide funds to such institution in an amount which he considers necessary to replace equipment, maintenance supplies, and instructional supplies (including books, and curricular and program materials) destroyed or seriously damaged as a result of the disaster, or to lease or otherwise provide (other than by acquisition of land or construction of academic facilities) such facilities needed to replace temporarily those academic facilities which have been made iniavailable as a result of the disaster, or both. "(c) In any case deemed appropriate by the Connnissioner, disaster assistance provided under subsection (a) or (b) may be in the form of a repayable advance subject to such terms and conditions as he considers to be in the public interest. " (d) There are hereby authorized to be appropriated for each fiscal year such amounts as may be necessary to carry out the provisions of this section. "(e) No payment may be made to a public institution of higher education for academic facilities under subsection (a) or for assistance under subsection (b) unless an application therefor is submitted through the appropriate State commission and is tiled with the Commissioner in accordance with regulations prescribed by him. I n determining the order in which such applications shall be approved, the Commissioner shall consider the relative educational and financial needs of the institutions which have submitted approvable applications. No payment may be made under subsection (a) unless the Commissioner finds, after consultation with the State commission, that the project or projects with respect to which it is made are not inconsistent w4th overall State plans, submitted under section 105(a), ^ us^c'yfs^" for the construction of academic facilities. All determinations made by the Commissioner under this section shall be made only after consultation with the appropriate State commission. " (f) Amounts paid by the Commissioner to a public institution of higher education under subsection (a) or (b) may be paid in advance or by way of reimbursement and in such installments as the Commissioner may determine. Any funds paid to an institution which are not expended or otherwise used for the purposes for which paid shall be repaid to the Treasury of the United States. " (g) For the purposes of this section an institution of higher education is deemed to be a 'public institution of higher education' if the institution is under public supervision and control." (b) Section 7 of the Small Business Act, as amended (15 U.S.C. 636), is amended by adding thereto the following new subsection: ^^^^^^^^'jr'' "(e) In the administration of the disaster loan program under subsection (b)(1) of this section, in the case of property loss or damage as a result of a disaster which is a 'major disaster' as defined in seclion 2(a) of the Act of September 30, 1950 (42 U.S.C. 1855a(a)), the ^^ ^'^'' ^^°^' Small Business Administration, to the extent such loss or damage is not compensated for by insurance or otherwise, may lend to a privately owned college or university without regard to whether the required financial assistance is otherwise available from private sources, and may waive interest payments and defer principal payments on such a loan for the first three years of the term of the loan."'

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