college housing and academic facilities loans

college housing and academic facilities loans Pursuant to title VII, part F of the Higher Education Act, as amended, for necessary expenses of the college housing and academic facilities loans program, the Secretary shall make expenditures, contracts, and commitments without regard to fiscal year limitation: Provided, That during fiscal year 1989, gross commitments for the principal amount of direct loans shall be $30,000,000. For payment of interest on funds borrowed from the Treasury pursuant to section 761(d) of the Higher Education Act, as amended, $1,675,000, to remain available until expended.