transfer of funds between programs

transfer of funds between programs Sec. 139A. (a) Part F of title IV of the Higher Education Act of 1965 is further amended by adding after section 495, as added by this Act, the following new section: 86 Stat. 281 “transfers between programs “Sec. 496. Up to 10 per centum of the allotment of an institution of higher education for a fiscal year under section 4131) or 442 of this Act, may be transferred to, and used for the purposes of, the institution’s allotment under the other section within the discretion of such institution in order to offer an arrangement of types of aid. including institutional and State aid, which best fits the needs of each individual student. The Commissioner shall have no control over such transfer, except as specifically authorized, except for the collection and dissemination of information.”. (b) The amendment made by subsection (a) of this section shall become effective with respect to fiscal years ending after June 30, 1972.