[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-323330-105":3,"doc-detail-323330-en":81,"detail-sidebar-cat-0-en-105":99},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","funding-plan-revisions-for-construction-loans-are-described-by-usoe","Funding Plan Revisions For Construction Loans Are Described by USOE","","Revisions to USOE procedures for Title III construction loan applications were disclosed and set to take effect for Fiscal 1968. The changes reduce maximum assistance to $3 million per institution or separate campus and cap Title III loans at 42% of eligible project development costs for eligible applicants with Title I facilities grants. Applications are processed chronologically, with deferred treatment for late construction starts after January 1, 1969, and refinancing or short-term uses excluded.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/funding-plan-revisions-for-construction-loans-are-described-by-usoe/323330/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/funding-plan-revisions-for-construction-loans-are-described-by-usoe/323330.png","ImageObject",300,407,{"name":42,"@type":43},"Hazel","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-30","2026-09-21",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",9,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What are the key changes to Title III loan assistance for Fiscal 1968?","Question",{"text":63,"@type":64},"The maximum assistance is reduced to $3 million per institution or separate campus, and loans are capped at 42% of eligible project development costs when Title I facilities grants apply.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How are applications processed for Title III construction loan funding?",{"text":68,"@type":64},"Applications on file prior to June 1, 1967 that were not approved during Fiscal Year 1967 are considered in Fiscal 1968, and new applications are processed in chronological order of receipt.",{"name":70,"@type":61,"acceptedAnswer":71},"What construction-start requirement must applicants certify?",{"text":72,"@type":64},"Each applicant must certify intent to start construction prior to January 1, 1969; later starts are deferred and considered under the same manner as applications filed after May 31, 1967.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},323330,1791091729,{"code":4,"msg":82,"data":83},"success",{"doc_id":79,"user_id":84,"nickname":42,"user_avatar":85,"doc_module":4,"category_id":86,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":87,"file_id":88,"file_url":89,"file_type":90,"file_size":91,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":92,"language":93,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":94,"faqs":95,"seo_title":96,"seo_description":12,"update_tm":97,"read_time":98,"preview_page_count":4},137441390410,"https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984",8,"Volume XVI,Number 17  \n# Funding Plan RevisionsFor Construction LoansAre Described by USOE\n\nFollowing is the text of the new procedure:  \nHigher EducationandNational Affairs  \nACE President Expresses ConcernAbout Substitute School Measure*      *      *  \nHouse Votes International Act Cut,Deferral of Teacher Corps Funds  \nAmerican Counci on Edu cation·1785 Massachusetts Avenue,N.W.,Washington,D.C.20036  \nMay 6,1967  \nRevisions in procedures affecting applications for loans underTitle III of the Higher Education Facilities Act of 1963 weredisclosed this week by the U.S.Office of Education which willsend formal notification to institutions sometime this month.  \nThe revisions are to be effective in Fiscal 1968 which begins next July 1.  \nAlthough the 89th Congress authorized $400 million for the loan program for Fiscal 1968,the Administration in January budgeted only $200 million,the same level as this year.  \nPrincipal new provisions—contained in USOE Bulletin 22 which cancels bulletins issuedlast year in June and December—are:(1)maximum assistance of $3 million per institutionor separate campus,compared to a $4 million maximum previously;and (2)a ceiling onloans of 42 percent of the estimated eligible project development cost in the case of institu-tions also receiving facilities grants under Title I.  \nSince four-year institutions may receive up to 33 and one-third percent and junior col-leges up to 40 percent of a total project's cost in facilities grants under Title I,the 42percent maximum on loans would therefore enable institutions to receive up to 75 percent ofthe cost of a project in total Federal funds (the maximum allowed),except for limitationsprovided in various state plans.  \nAll applications for loan assistance on file at the Bureau of Higher Education or whichare filed prior to June 1,1967,and are not approved during Fiscal Year 1967(ending June 30,1967)will be considered for funding during Fiscal Year 1968(beginning July 1,1967)on thefollowing basis,subject to the availability of Title III loan funds:  \n1.Applications for loan assistance (not previously approved)will be processed in chro-nological order of receipt.  \n2.Maximum Title III loan assistance to finance the construction of any project orprojects will be limited to $3,000,000 per institution (or per separate campus).Determina-tion as to the status of an institution and separate campus shall be made by the severalrespective State Commissions administering Title I of the Higher Education Facilities Act.  \n3.The amount of Title III loan funds committed to an application shall not exceed forty-two percent (42%)of the estimated eligible project development cost as determined by theCommissioner at the time of loan approval or that amount requested in the loan application,whichever is less.However,Title II loan participation in excess of the forty-two percent  \nACE President ExpressesConcern Over ProposedSchool Bill Substitute  \n(42%)limit will be considered in amounts consistent with paragraph 2 above,where an appli-cant does not participate in Federal grant assistance as a matter of stated policy.  \n4.Each applicant MUST CERTIFY intent to start construction prior to January 1,1969.Applications for projects scheduled to start construction subsequent to January 1,1969,willbe deferred and considered for processing and approval in the same manner as those appli-cations filed subsequent to May 31,1967.(Start of construction is defined as the date ofaward of the prime construction contract.)  \n5.Applications for Title III loan assistance,for the purposes of refinancing completedlong term financing or as a vehicle for short term financing,will not be considered.  \nAny request for an upward commitment of funds in a Title III loan consistent with para-graph 2 of this Bulletin will be considered only where the Commissioner has determined thatan applicant would experience severe financial hardship or that development of the projectcould not be completed without such ad","cbCaidNgm7DnKfYY","https://ap.wps.com/l/cbCaidNgm7DnKfYY","pdf",816944,12,"English","# Funding Plan Revisions\n## Effective date and budget context\n## New provisions and federal funding caps\n## Eligibility, application processing, and certification\n## Exclusions, hardship exceptions, and later-year priorities\n## ACE president statement and legislative context","[{\"question\":\"What are the key changes to Title III loan assistance for Fiscal 1968?\",\"answer\":\"The maximum assistance is reduced to $3 million per institution or separate campus, and loans are capped at 42% of eligible project development costs when Title I facilities grants apply.\"},{\"question\":\"How are applications processed for Title III construction loan funding?\",\"answer\":\"Applications on file prior to June 1, 1967 that were not approved during Fiscal Year 1967 are considered in Fiscal 1968, and new applications are processed in chronological order of receipt.\"},{\"question\":\"What construction-start requirement must applicants certify?\",\"answer\":\"Each applicant must certify intent to start construction prior to January 1, 1969; later starts are deferred and considered under the same manner as applications filed after May 31, 1967.\"}]","Funding Plan Revisions For Construction Loans Are Described by USOE | PDF",1789964940,30,{"code":4,"msg":82,"data":100},[101,105,109,113,118,123,128,130,134,137,141],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},"Story & 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