Page:United States Statutes at Large Volume 94 Part 2.djvu/155

 PUBLIC LAW 96-374—OCT. 3, 1980

94 STAT. 1433

"(C) The amount which the Secretary shall pay to any eligible agency, institution, or organization under this paragraph shall be equal to one-half of 1 per centum of the total principal amount of the loans upon which insurance was issued under this part on loans made to a student described in subparagraph (B) who subsequently obtained such loans because of such agency's, institution's, or organization's referral service. "(D) Nothing in this or any law shall prohibit an agency from using all or a portion of the funds received under this part for the payment of incentive fees to lenders who agree to participate in a loan referral service. "(E) There is authorized to be appropriated such sums as are Appropriation necessary to carry out the provisions of this paragraph.". authorization. PART C—WORK-STUDY PROGRAMS PURPOSE; APPROPRIATIONS AUTHORIZED

SEC. 431. Section 441 of the Act is amended to read as follows: "PURPOSE; APPROPRIATIONS AUTHORIZED

"SEC. 441. (a) The purpose of this part is to stimulate and promote 42 USC 2751. the part-time emplo5maent of students, particularly students who are in need of earnings from employment to pursue courses of study at eligible institutions. (b) There are authorized to be appropriated for carrsdng out this part $670,000,000 for fiscal year 1981, $720,000,000 for fiscal year 1982, $760,000,000 for fiscal year 1983, $800,000,000 for fiscal year 1984, and $830,000,000 for fiscal year 1985.". ALLOTMENT TO STATES

SEC. 432. Section 442 of the Act is amended— 42 USC 2752. (1) by striking out "2 per centum" in subsection (a)(1) and inserting in lieu thereof "1 per centum"; (2) by striking out "Puerto Rico," in subsection (a)(D; (3) by striking out "subsection (e)" in subsection (a)(2) and inserting in lieu thereof "subsection (f)", (4) by inserting "second" immediately after "until the close of the" in subsection (d): and (5) by striking out Puerto Rico," in subsection (e). USE OF CERTAIN UNUSED COLLEGE WORK-STUDY PROGRAM FUNDS FOR THE SUPPORT OF COOPERATIVE EDUCATION PROGRAMS

SEC. 433. (a) The first sentence of section 442(d) of the Act is amended by inserting before the period a comma and the following: "except that the Secretary shall give preference for the first 50 per centum of such reallotments to eligible institutions for use for initiating, improving, and expanding programs of cooperative education conducted in accordance with title VIII of this Act. 20 USC 1133. (b) Section 442(d) of the Act is amended by inserting "(1)" after the subsection designation and by adding at the end thereof the following new paragraph: "(2) The requirement for preference under reallotment contained in the exception of the first sentence of paragraph (1) of this subsection shall be made upon application by the eligible institution to the Secretary in such manner and such form as the Secretary may

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