higher education facilities construction

higher education facilities construction For grants, loans, and payments under the Higher Education Facilities Act of 1963, as amended, $722,744,000, of which not to exceed $453,000,000 to remain available through June 30, 1968, shall be for grants for construction of academic facilities under title I; $60,000,000 to remain available until expended shall be for grants for construction of graduate academic facilities under title II; and $200,000,000 to be transferred to the revolving fund established by section 305 of said Act of 1963 and to remain available without fiscal year limitation, shall be for loans for construction of academic facilities under title III and for operation expenses of said fund: Provided, That the total amount of loans made from said fund in the fiscal year ending June 30, 1967, shall not exceed $300,000,000: Provided further, That this paragraph shall be effective only upon enactment into law of H.R. 14644, Eighty-ninth Congress, or similar legislation.