Sec. 303. Historically Black college and university capital financing
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Part D of title III ( 20 U.S.C. 1066 et seq.) is amended— in section 343— by striking escrow account each place it appears and inserting bond insurance fund ; and in subsection (b)— in paragraph (1), by striking an and inserting a ; and in paragraph (8), in the matter preceding subparagraph (A), by striking an and inserting a ; in section 345, by striking paragraph
(9)and inserting the following: may, directly or by grant or contract, provide financial counseling and technical assistance to eligible institutions to prepare the institutions to qualify, apply for, and maintain a capital improvement loan, including a loan under this part; and ; and in section 347(c), by striking paragraph
(2)and inserting the following: On an annual basis, the Advisory Board shall prepare and submit to the authorizing committees a report on the status of the historically Black colleges and universities described in paragraph (1)(A) and an overview of all loans in the capital financing program, including the most recent loans awarded in the fiscal year in which the report is submitted. The report shall include administrative and legislative recommendations, as needed, for addressing the issues related to construction financing facing historically Black colleges and universities. .
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Sec. 303
Historically Black college and university capital financing
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