Federal Assistance to Higher Education: Hearings Before the Subcommittee on Education of the Committee on Labor and Public Welfare, United States Senate, Eighty-sixth Congress, Second Session on S. 878 [and Other] Bills

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Considers S. 3007 and 5 related bills, to provide Federal financial aid to colleges and states for planning and construction of improved campus facilities and to college students for tuition and other costs.
 

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28. lappuse - institution of higher education" means an «ducational institution in any State which (1) admits as regular students only persons having a certificate of graduation from a school providing secondary education, or the recognized equivalent of such a certificate, (2) is legally authorized within such State to provide a program of education beyond secondary education...
14. lappuse - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
32. lappuse - Nothing contained in this Act shall be construed to authorize any department, agency, officer, or employee of the United States to exercise any direction, supervision, or control over the curriculum, program of instruction, administration, or personnel of any educational institution or school system...
39. lappuse - ... (a) Each recipient of assistance under this Act pursuant to grants or contracts entered into under other than competitive bidding procedures shall keep such records as the Secretary shall prescribe, including records which fully disclose the amount and disposition by such recipient of the proceeds of such assistance, the total cost of the project or undertaking in connection with which such assistance is given or used, and the amount of that portion of the cost of the project or undertaking supplied...
29. lappuse - eligible lender" means an eligible institution, an agency or instrumentality of a State, or a financial or credit institution (including an insurance company) which is subject to examination and supervision by an agency of the United States or of any State, or a pension fund approved by the Commissioner for this purpose. (f) The term "line of credit...
36. lappuse - ... that the construction will be undertaken in an economical manner and that it will not be of elaborate or extravagant design or materials.
36. lappuse - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury...
11. lappuse - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
15. lappuse - ... (b) The Secretary and the Comptroller General of the United States, or any of their duly authorized representatives, shall have access for the purpose of audit and examination to any books, documents, papers, and records of the recipient that are pertinent to assistance received under this Act.
213. lappuse - His is the only national voice in affairs. Let him once win the admiration and confidence of the country, and no other single force can withstand him, no combination of forces will easily overpower him.

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