Page:United States Statutes at Large Volume 86.djvu/325

 86 STAT. ]

PUBLIC LAW 92-318-JUNE 23, 1972

2{J3

and procurement) for Avhic'li payment shall be made in advance, or by reimbursement, from funds of the Commission and such amounts as may be agreed upon by the Commission and the Secretary of Health, Education, and Welfare. (3) The Commission shall have authority to accept in the name of the United States, grants, gifts, or bequests of money for immediate disbursement in furtherance of the functions of the Commission. Such grants, gifts or bequests, after acceptance by the Commission, shall be paid by the donor or his representative to the Treasurer of the United States whose receipts shall be their acquittance. The Treasurer of the United States shall enter them in a special account to the credit of the Commission for the purposes in each case specified. (c) In conducting such a study, the Commission shall consider— (1) the nature and causes of serious financial distress facing institutions of postsecondary education; and (2) alternative models for the long range solutions to the problems of financing postsecondary education with special attention to the potential Federal, State, local, and private participation in such programs, including, at least— (A) the assessment of previous related private and governmental studies and their recommendations; (B) existing State and local programs of aid to postsecondary institutions; (C) the level of endowment, private sector support and other incomes of postsecondary institutions and the feasibility of Federal and State income tax credits for charitable contributions to postsecondary institutions; (D) the level of Federal support of postsecondary institutions through such programs as research grants, and other general and categorical programs; (E) alternative forms of student assistance, including at least loan programs based on income contingent lending, loan programs which utilize fixed, graduated repayment schedules, loan programs which provide for cancellation or deferment of all or part of repayment in any given year based on a certain level of a borrower's income; and existing student assistance programs including those administered py the Office of Education, the Social Security Administration, the Public Health Service, the National Science Foundation, and the Veterans Administration; and (F) suggested national uniform standards for determin•; * ing the annual per student costs of providing postsecondary education for students in attendance at A-arious types and classes of institutions of higher education. (d) No later than April 30, 1973, the Commission shall make a final jent^and cor're^s^s. report to the President and Congress on the results of the investigation and study authorized by this section, together with such findings and recommendations, including recommendations for legislation, as it deems appropriate, including suggested national uniform standards referred to in subsection (c)(2)(F) and any related recommendations for legislation. No later than 60 days after the final report the Com- Report to Commissioner shall make a report to the Congress commenting on the Com- ^'•^^^• mission's suggested national uniform standards, and incorporating his recommendations with respect to national uniform standards together with any related recommendations for legislation. (e) In order to carry out the provisions of this part, the Commission is authorized to— (1) enter into contracts with institutions of postsecondary edu- ^j^""'"'^''* authorcation and other appropriate individuals, public agencies and private organizations;

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