86 STAT. ]
PUBLIC LAW 92-318-JUNE 23, 1972
State to provide a program of education beyond secondary education, (C) has been in existence for at least five years prior to the date upon which it makes application under this section, (D) provides an educational program for which it awards a bachelor's degree or provides not less than a two-year program which is acceptable for full credit towards such a degree, (E) is a public or other nonprofit institution, and (F) is accredited by a nationally recognized accrediting agency or association or, if not so accredited, (i) is an institution with respect to wiich the Commissioner has determined that there is satisfactory assurance, considering the resources available to the institution, the period of time, if any, during which it has operated, the effort it is making to meet accreditation standards, and the purpose for which this determination is being made, that the institution will meet the accreditation standards of such an agency or association within a reasonable time, or (ii) is an institution wiose credits are accepted, on transfer, by not less than three institutions which are so accredited, for credit on the same basis as if transferred from an institution which is accredited, and, for the purpose of this clause, the Commissioner shall publish a list of nationally recognized accrediting agencies or associations which he determines to be reliable authority as to the quality of training offered; (2) the term "Stateincludes the fifty States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, and the Virgin Islands; and (3) the term "school or department of divinity" means an institution or a department or a branch of an institution the program of instruction of which is designed for the education of students (A) to prepare them to become ministers of religion or to enter upon some other religious vocation (or to provide continuing training for any such vocation), or (B) to prepare them to teach theological subjects.
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PART D — S T U D E N T ASSISTANCE REVISION OF PART A OF TITLE IV (EDUCATIONAL OPPORTUNITY GRANTS)
SEC. 131. (a)(1)(A) The first sentence of section 401(b) of the Higher Education Act of 1965 is amended by striking out that part 83^statf*i43^^^' which precedes "to enable the Commissioner" and inserting in lieu 20 USC loei. thereof: "There are hereby authorized to be appropriated $170,000,000 Appropriation, for the fiscal year ending June 30, 1972, and $200,000,000 for each of the succeeding fiscal years ending prior to July 1, 1975,". (B) Section 408 of such Act is amended by striking out "for the 82 Stat. 10is. fiscal year ending June 30, 1971" and inserting in lieu thereof "for ^° "^^ ^^^*' each of the succeeding fiscal years ending prior to June 30, 1975". (2) The amendments made by paragraph (1) shall be effective after Effective date. June 30, 1971. (b)(1) Part A of title IV of such Act is amended to read as follows: 79 stat, 1232. 20 USC 1061. " P A R T A—GRANTS TO STUDENTS I N ATTENDANCE AT INSTITUTIONS OF HIGHER EDUCATION "STATEMENT OF PURPOSE; PROGRAM AUTHORIZATION
"SEC. 401. (a) I t is the purpose of this part, to assist in making available the benefits of postsecondary education to qualified students in institutions of higher education by— "(1) providing basic educational opportunity grants (hereinafter referred to as 'basic grants') to all eligible students;
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