PRINTER'S NO. 1091
No. 956 Session of 1971
INTRODUCED BY DONOLOW, JULY 21, 1971
REFERRED TO APPROPRIATIONS, JULY 21, 1971
AN ACT 1 Making appropriations to the Pennsylvania Higher Education 2 Assistance Agency to provide scholarships and educational 3 assistance grants, to provide funds for lender participation 4 incentives, to provide funds for the purpose of assisting 5 approved institutions of higher learning in securing Federal 6 funds for financial aid to students, and to administer the 7 agency and otherwise carry out the provisions of the act of 8 August 7, 1963 (P.L.549) and the act of January 25, 1966 9 (P.L.1546). 10 The General Assembly of the Commonwealth of Pennsylvania 11 hereby enacts as follows: 12 Section 1. The following sums are hereby specifically 13 appropriated to the Pennsylvania Higher Education Assistance 14 Agency for the fiscal year July 1, 1971 to June 30, 1972 to be 15 transferred and deposited in the Higher Education Assistance 16 Fund for the following uses and purposes: 17 (1) For payment of scholarships and education 18 assistance grants under the provisions of the act 19 of January 25, 1966 (P.L.1546)................... $ 55,458,000 20 (2) For the purpose of administering the 21 programs of the agency authorized under the act 22 of August 7, 1963 (P.L.549) and the act of
1 January 25, 1966 (P.L.1546), including payment 2 of lender participation incentives............... 2,200,000 3 (3) For the purpose of assisting approved 4 institutions of higher learning in securing 5 and obtaining maximum participation in Federal 6 student aid funds to be used as financial aid to 7 students in meeting their costs of attendance at 8 such institutions under the provisions of the act 9 of January 25, 1966 (P.L.1546)................... 1,000,000 10 (4) For the purpose of being held in reserve 11 to guarantee loans granted and for payment of 12 possible losses of such loans granted........... 2,000,000 13 Section 2. This act shall take effect immediately. E20L3RC/19710S0956B1091 - 2 -