U.S. Code
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Title 20
» Chapter CHAPTER 28— HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE › Subchapter SUBCHAPTER III— INSTITUTIONAL AID › Part Part D— Historically Black College and University Capital Financing
20 U.S.C. § 1066c
Limitations on Federal insurance for bonds issued by designated bonding authority
(a) Limit on amountAt no time shall the aggregate principal amount of outstanding bonds insured under this part together with any accrued unpaid interest thereon exceed $1,100,000,000, of which—(1) not more than $733,333,333 shall be used for loans to eligible institutions that are private historically Black colleges and universities; and(2) not more than $366,666,667 shall be used for loans to eligible institutions which are historically Black public colleges and universities.For purposes of paragraphs (1) and (2), Lincoln University of Pennsylvania is an historically Black public institution. No institution of higher education that has received assistance under section 123 of this title shall be eligible to receive assistance under this part.(b) Limitation on credit authorityThe authority of the Secretary to issue letters of credit and insurance under this part is effective only to the extent provided in advance by appropriations Acts.
(c) Religious activity prohibitionNo loan may be made under this part for any educational program, activity or service related to sectarian instruction or religious worship or provided by a school or department of divinity or to an institution in which a substantial portion of its functions is subsumed in a religious mission.
(d) Discrimination prohibitionNo loan may be made to an institution under this part if the institution discriminates on account of race, color, religion, national origin, sex (to the extent provided in title IX of the Education Amendments of 1972 [20 U.S.C. 1681 et seq.]), or disabling condition; except that the prohibition with respect to religion shall not apply to an institution which is controlled by or which is closely identified with the tenets of a particular religious organization if the application of this section would not be consistent with the religious tenets of such organization.
(Pub. L. 89–329, title III, § 344, formerly title VII, § 724, as added Pub. L. 102–325, title VII, § 704, July 23, 1992, 106 Stat. 745; renumbered title III, § 344, Pub. L. 105–244, title III, § 301(a)(3), (4), Oct. 7, 1998, 112 Stat. 1636; Pub. L. 110–315, title III, § 314(c), Aug. 14, 2008, 122 Stat. 3181.)Editorial NotesReferences in TextThe Education Amendments of 1972, referred to in subsec. (d), is Pub. L. 92–318, June 23, 1972, 86 Stat. 235. Title IX of the Act, known as the Patsy Takemoto Mink Equal Opportunity in Education Act, is classified principally to chapter 38 (§ 1681 et seq.) of this title. For complete classification of title IX to the Code, see Short Title note set out under section 1681 of this title and Tables.
CodificationSection was formerly classified to section 1132c–3 of this title prior to renumbering by Pub. L. 105–244.
Prior ProvisionsA prior section 344 of Pub. L. 89–329 was classified to section 1069 of this title prior to the general amendment of this subchapter by Pub. L. 99–498.
Amendments2008—Subsec. (a). Pub. L. 110–315, § 314(c)(1), substituted “$1,100,000,000” for “$375,000,000” in introductory provisions.
Subsec. (a)(1). Pub. L. 110–315, § 314(c)(2), substituted “$733,333,333” for “$250,000,000”.
Subsec. (a)(2). Pub. L. 110–315, § 314(c)(3), substituted “$366,666,667” for “$125,000,000”.
Notes of Decisions
Bostock v. Clayton Cnty., 140 S. Ct. 1731 (2020).
· cites it 2× “§1011f(h)(5)(D) (Disclosures of For- eign Gifts) 20 U. S. C. §1066c(d) (Historically Black College and University Capital Financing; Limitations on Federal Insurance Bonds Issued by Desig- nated Bonding Authority) 20 U.”
— 20 U.S.C. § 1066c(c) — 2 cases
— 20 U.S.C. § 1066c(d) — 1 case
Bostock v. Clayton Cnty., 140 S. Ct. 1731 (2020).
“§1011f(h)(5)(D) (Disclosures of For- eign Gifts) 20 U. S. C. §1066c(d) (Historically Black College and University Capital Financing; Limitations on Federal Insurance Bonds Issued by Desig- nated Bonding Authority) 20 U.”
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