Page:United States Statutes at Large Volume 86.djvu/322

 280

PUBLIC LAW 92-318-JUNE 23, 1972

[86 STAT.

shall be 15 per centum for each complete academic year of service as a full-time teacher of handicapped children (including mentally retarded, hard of hearing, deaf, speech impaired, visually handicapped, / seriously emotionally disturbed, or other health impaired children who by reason thereof require special education) in a public or other nonprofit elementary or secondary school system, and (C) for the purposes of any cancellation pursuant to clause (A) or (B), an additional 50 per centum of any such loan may be canceled, and (2) shall be canceled for service by the borrower after June 30, 1970, as a member of the Armed Forces of the United States at the rate of 121/2 per centum of the total amount of such loan for each year of consecutive service, but only if such loan was made after April 13, 1970. (d)(1) Upon enactment of this Act, the program authorized by part E of title IV of the Higher Education Act of 1965 as added by Ante, p. 272. subsection (b) is, and shall be deemed to be, a continuation of the program authorized by title II of the National Defense Education 20 u*sc 42f.^' Act of 1958. I n accordance with regulations of the Commissioner, except as provided in subsection (c), all rights, privileges, duties, functions, and obligations under such title II prior to the enactment of this Act shall be deemed to be vested, as the Commissioner determines to be appropriate, under such part E. Any student loan fund established under an agreement under such title II shall, in accordance with regulations, be deemed to have been established under such part E; and any assets of such student loan fund of any institution shall be deemed to be the assets of a student loan fund established under an agreement of that institution with the Commissioner under such part E. Effective date. (£) Upon enactmcut of this Act, title II of the National Defense 20 USC 426. Education Act of 1958 is amended by striking out section 206. WAIVER OF M A I N T E N A N C E

OF EFFORT REQUIREMENTS

I N CERTAIN

CASES

Ante. p. 27 2.

g^^^ -^gg^ ^^^ Section 494(a) of the Higher Education Act of 1965 is amended by inserting before the period at the end thereof a comma and the following: "except that under special and unusual circum- ,:: • • ' stances, pursuant to regulations, the Commissioner is authorized to ''' ' ' ' '"" waive the application of any provision of such an agreement which is required by this section." Effective date. (b) ^ h e amendment made by subsection (a) shall be deemed to be effective from the date of enactment of the Higher Education Act

79 Stat. 1219. 20 USC 1001 „Qjg

Ante, p. 27 2.

of

1965. FURNISHING

GUIDELINES

S E C 139. Part F of title IV of the Higher Education Act of 1965 -g amended by adding after section 494, as added by this Act, the following new section: , ' "FURNISHING

GUIDELINES

" S E C 495. Copies of all rules, regulations, guidelines, instructions, and application forms published or promulgated pursuant to this title shall be provided to the Committee on Labor and Public Welfare of the Senate and the Committee on Education and Labor of the House of Representatives at least thirty days prior to their effective date.".

r

TRANSFER

Si^ra.

OF F U N D S B E T W E E N

PROGRAMS

SEC. 139A. (a) Part F of title IV of the Higher Education Act of 1965 is further amended by adding after section 495, as added by this Act, the following new section:

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