Historically Black College and University Capital Financing Program Account

Historically Black College and University Capital Financing Program Account Notwithstanding the limitations contained in section 344(a) of the Higher Education Act of 1965 (“HEA”), the aggregate principal amount of outstanding bonds insured under the Historically Black College and University Capital Financing Program is authorized to equal but not exceed $725,000,000, which may be used for loans to public and private historically black colleges and universities without regard to paragraphs (1) and (2) of section 344(a). For the cost of guaranteed loans, $10,000,000, as authorized pursuant to Part D of title III of the HEA: Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these funds are available to subsidize total loan principal, any part of which is to be guaranteed, not to exceed 123 STAT. 792 $100,000,000. In addition, for administrative expenses to carry out the Historically Black College and University Capital Financing Program entered into pursuant to part D of title III of the HEA, $354,000.