Page:United States Statutes at Large Volume 90 Part 2.djvu/678

 PUBLIC LAW 94-482—OCT. 12, 1976

90 STAT. 2146

.BI'CI i.-!jr

this section for more than five fiscal years. No such institution or combination thereof may receive— "(1) a grant in excess of 100 per centum of the total administrative cost for the first of such fiscal years; " (2) a grant in excess of 90 per centum of such cost for the second of such years; "(3) a grant in excess of 80 per centum of such cost for the third of such years; '' " (4) a grant in excess of 60 per centum of such cost for the fourth of such years; or "(5) a grant in excess of 30 per centum of such cost for the fifth of such years. Any provision of law to the contrary notwithstanding, the Commissioner shall not waive the provisions of this subsection. "(d) In approving applications under this section, the Commissioner shall give special consideration to applications from institutions of higher education for programs which show the greatest promise of success because of— "(1) the extent to which programs in the academic discipline with respect to which the application is made have had a favorable reception by employers, "(2) the commitment of the institution of higher education to cooperative education as demonstrated by the plans which such institution has made to continue the program after the termination of Federal financial assistance, and "(3) such other factors as are consistent with the purposes of this section. ii^

GRANTS AND CONTRACTS FOR TRAINING AND RESEARCH

20 USC 1133b.

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" S E C 803. From the sums appropriated pursuant to subsection (b) of section 801, the Commissioner is authorized, for the training of persons in the planning, establishment, administration, or coordination of programs of cooperative education, for projects demonstrating or exploring the feasibility or value of innovative methods of cooperative education, or for research into methods of improving, developing, or promoting the use of cooperative education programs in institutions of higher education, to— "(1) make grants to or contracts with institutions of higher education, or combinations of such institutions, and "(2) make grants to or contracts with other public or private nonprofit agencies or organizations, when such grants or contracts will make an especially significant contribution to attaining the objectives of this section.". DIRECT LOAN PROGRAM

20 USC 1087aa.

20 USC 1087cc.

SEC. 130. (a) Section 461(b) of the Act is amended by striking out "July 1, 1975" and inserting in lieu thereof "October 1, 1979". (b) Section 461(b)(2) of the Act is amended by striking out "June 30, 1976" and inserting in lieu thereof "September 30, 1979", and by striking out "July 1, 1975" and inserting in lieu thereof "October 1, 1979". (c) Section 463(a) of the Act is amended by redesignating clauses (4) and (5) as clauses (5) and (6), respectively, and inserting immediately after paragraph (3) the following new clause: " (4) provide that where a note or written agreement evidencing a note has been in default for (A) one hundred and twenty days,

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