201 for that year shall be allotted among the States in such manner as the Commissioner determines will best carry out the purpose of this Act."

(b) Section 203 of such Act (relating to the payment of Federal capital contributions to institutions) and the title thereto are amended to read as follows:

"DISTRIBUTION AMONG INSTITUTIONS OF FEDERAL CAPITAL CONTRIBUTIONS AND

INSTITUTIONAL LOANS

"SEC. 203. (a) The Commissioner shall from time to time set dates by which institutions of higher education in a State must file applications for Federal capital contributions, and for loans pursuant to section 207, from the allotment of such State under section 202 (a). In the event the total requested in such applications (which meet the requirements established in regulations of the Commissioner) exceeds the amount of such allotment of such State available for such purpose, the total of the Federal capital contributions and loans from such allotment to each such institution shall bear the same ratio to the amount requested in its application as the amount of such allotment available for such purpose bears to the total requested in all such applications. In the event the total requested in such applications which are made by institutions in a State is less than the amount of the allotment of such State available for such purpose, the Commissioner may reallot the remaining amount from time to time, on such date or dates as the Commissioner may fix, to other States in proportion to the original allotments to such States under section 202 for such year.

"(b) Sums allotted among States pursuant to section 202(b) shall be allocated among institutions within States in such manner as the Commissioner determines will best carry out the purposes of this Act.

"(c) The Federal capital contribution to an institution shall be paid to it from time to time in such installments as the Commissioner determines will not result in unnecessary accumulations in the student loan fund established under its agreement under this title."

EXHIBIT 1

HIGHER EDUCATION FACILITIES CONSTRUCTION FISCAL YEAR 1965

Attached is an itemized list of college construction projects by States and institutions for which loans and/or grants were made through the Higher Education Facilities Act of 1963 (Public Law 88-204) during the fiscal year ending June 30, 1965.

Government funds were allotted as follows:

Title I; grants for the construction of undergraduate facilities___.

$224, 362, 675

Title II; grants for the construction of graduate academic facilities__

Title III; loans to institutions of higher learning_

60, 000, 000 107, 706, 000

Total grants and loans___

392, 068, 675

Approximate total development cost of the listed projects---- 1,373, 914, 000

1,514, 300

4, 195, 290
4,965,000
4,609, 000
2, 171, 500
9,006,000
5,054, 000
9,006,000
3,800, 400
4,415, 844

4, 101, 324
4,349, 638
3,914, 693
3,087,000
1, 517, 196
1,357, 274
2,100,000
3,649,750
1,083, 000
2, 603,830
1,040, 000
865, 750
2, 195, 799
3, 376, 500
683, 510
3,744, 010
792,500
1,577, 868
833, 738
1,400,000
1,343, 245
2,478, 275

2,033, 427
1,125,000
3,444, 853
3,034,500
1,050,000
1, 196, 048
408, 641
2, 210, 451
1,001,000
959, 048
758, 625
5,990, 500
1,587,300
27,582

964, 000

407,000

1, 133, 000

1,007, 000
1,858, 000

1,000,000

298, 682