86 STAT. ]
PUBLIC LAW 92-318-JUNE 23, 1972
245
"LIMITATION
"SEC. 306. None of the funds appropriated pursuant to section 301 (b)(1) shall be used for a school or department of divinity or for any religious worship or sectarian activity.". (b) The amendment made by subsection (a) shall be effective after, and only with respect to appropriations made for fiscal years beginning after, June 30, 1972. E M E R G E N C Y ASSISTANCE FOR INSTITUTIONS
OF H I G H E R
Effective date.
EDUCATION
SEC. 122. (a)(1) The Congress hereby finds and declares that—• (A) the Nation's institutions of higher education constitute a national resource which significantly contributes to the security, general welfare, and economy of the United States; (B) considerable evidence has been advanced which indicates that many institutions of higher education are in financial distress resulting from many causes, including, among others, efforts on the part of such institutions to increase enrollments, to improve the quality of education and training, and to enlarge educational opportunities; and (C) various proposals have been presented to the Congress, in response to such condition of financial distress, for providing financial assistance to the Nation's institutions of higher education but, except for that necessary to justify payments provided for reimbursement for part of the cost of instruction as provided in title X of this Act, insufficient information is available on the Post, p. 375. basis of which the Congress can determine, with any degree of certainty, the nature and causes of such financial distress or the most appropriate means with which present and future conditions of financial distress may be dealt. (2) I t is the purpose of this section to provide to institutions of higher education, which are determined in accordance with this section to be in serious financial distress, interim emergency assistance to enable them to determine the nature and causes of such distress and the means by which such distress may be alleviated, and to improve their capabilities for dealing with financial problems using, to the extent appropriate, assistance authorized under the Higher Education Act of 1965 and all other sources of financial assistance. 79 Stat. 1219. (b)(1) There is authorized to be appropriated for the period 20 USC 1001 beginning with the date of enactment of this Act, and ending June 30, ""Appropriation. 1974, $40,000,000 for the purpose of making grants under this section. Sums so appropriated shall remain available for obligation and expenditure until expended. (2)(A) The Commissioner is authorized to make grants to institu- Grants, tions of higher education which are in serious financial distress, as such term is defined in regulations of the Commissioner, in accordance with the provisions of this section. (B) A grant under this subsection may be made only upon applica- Applications, tion therefor to the Commissioner. Such applications shall be submitted at such time, in such form, and containing such information, assurances, policies, and procedures as the Commissioner may require in order to enable him to carry out his functions under this section. The Approval condiCommissioner shall not approve any such application unless he finds "ons. that— (i) in the case of a public institution of higher education, the institution has submitted its application for emergency assistance under this subsection to the appropriate State agency, as provided by the law of the State in which it is located and in accordance with regulations of the Commissioner, if any such agency exists
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