Page:United States Statutes at Large Volume 86.djvu/345

 86

STAT.]

PUBLIC LAW 92-318-JUNE 23, 1972

institutions of higher education (whether or not also authorized to provide or finance other facilities for such or other educational institutions, or for their students or faculty), or (B) any corporation (no part of the net earnings of which inures or may lawfully inure to the benefit of any private shareholder or individual)(I) established by an institution of higher education for the sole purpose of providing academic facilities for the use of such institution, and ( II) upon dissolution of which, all title to any property purchased or built from the proceeds of any loan made under part C will pass to such institution. " (6) The term 'public comnmnity college and public technical institute' means an institution of higher education which is under public super-vision and control, and is organized and administered principally to provide a two-year program which is acceptable for full credit toward a bachelor's degree, or a two-year program in engineering, mathematics, or the physical or biological sciences which is designed to prepare the student to work as a technician and at a semiprofessional level in engineering, scientific, or other technological fields which require the understanding and application of basic engineering, scientific, or mathematical principles or knowledge; and the term includes a branch of an institution of higher education offering four or more year's of higher education which is located in a comnmnity different from that in which its parent institution is located. "(T) The term 'cooperative graduate center'means an institution or program created by two or more institutions of higher education which, will offer to the students of the participating institutions of higher education graduate work which could not be offered with the same proficiency or economy (or both) at the individual institution of higher education. The center may be located or the program carried out on the campus of any of the participating institutions or at a separate location. " (8) The term 'cooperative graduate center board'means a duly constituted board established to construct and maintain the cooperative graduate center and coordinate academic programs. The board shall be composed of representatives of each of the institutions of higher education participating in the center and of the community involved. At least one-third of the board's members shall be community representatives. The board shall elect by a majority vote a chairman from among its membership. "(9) The term 'public educational institution' does not include a school or institution of any agency of the United States. "(10) The term 'State' includes, in addition to the several States of the Union, the Commonwealth of Puerto Eico, the District of Columbia, Guam, American Samoa, the Virgin Islands, and the Trust Territory of the Pacific Islands.". (b)(1) The programs authorized by title VII of the Higher Education Act of 1965 shall be deemed to be a continuation of the comparable programs authorized by the Higher Education Facilities Act of 1963. (2) Effective July 1, 1972, the Higher Education Facilities Act of 1963 is amended by striking out titles I and II thereof. (3) Effective July 1, 1972, such Act is amended by striking out section 306 thereof. (4) The revolving fund created by section 744 of the Higher Education Act of 1965 shall be deemed to be a continuation of the revolving fund created by section 305 of the Higher Education Facilities Act of 1963. Any sums in the fund for higher education academic facilities created by such section 305 on the date of enactment of this Act shall be transferred to the fund created by section 744 of the Higher Education

303

,

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^"'®' P- ^^^• 77 Stat. 3 6 3.

20 USC

701

note. Effective dates 20 USC 7 1 1, 731. 20 USC 746. Ante,

p 296.

80 Stat. 166. 20 USC 745.

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