AVAILABILITY OF APPROPRIATIONS.

SEC. 232. AVAILABILITY OF APPROPRIATIONS. (a) Amendment to Heading.— The heading for section 421 of the Act (as redesignated by section 212(b)(1) (20 U.S.C. 1225) is amended to read as follows: “availability of appropriations on academic or school-year basis; additional period for obligation of funds”. (b) Amendment to Text.— Section 421 of the Act (20 U.S.C. 1225) is further amended— (1) in subsection (a)— (A) by striking “to educational agencies or institutions”; (B) by striking “expenditure” and inserting “obligation”; and (C) by striking “agency or institution concerned” and inserting “recipient”; (2) in subsection (b), by striking “(b) Notwithstanding” and inserting “(b)(1) Notwithstanding”; and 108 STAT. 3915 (3) in subsection (c), by striking “section 3579(d)(2) of the Revised Statutes” and inserting “section 1341(a) of title 31, United States Code”.