US Code

Public Law 119-88 (05/04/2026)

20 U.S.C. § 1066

Findings

The Congress finds that—
(1)
a significant part of the Federal mission in education has been to attain equal opportunity in higher education for low-income, educationally disadvantaged Americans and African Americans;
(2)
the Nation’s historically Black colleges and universities have played a prominent role in American history and have an unparalleled record of fostering the development of African American youth by recognizing their potential, enhancing their academic and technical skills, and honing their social and political skills through higher education;
(3)
the academic and residential facilities on the campuses of all historically Black colleges and universities have suffered from neglect, deferred maintenance and are in need of capital improvements in order to provide appropriate settings for learning and social development through higher education;
(4)
due to their small enrollments, limited endowments and other financial factors normally considered by lenders in construction financing, historically Black colleges and universities often lack access to the sources of funding necessary to undertake the necessary capital improvements through borrowing and bond financing;
(5)
despite their track record of long-standing and remarkable institutional longevity and viability, historically Black colleges and universities often lack the financial resources necessary to gain access to traditional sources of capital financing such as bank loans and bond financing; and
(6)
Federal assistance to facilitate low-cost capital basis for historically Black colleges and universities will enable such colleges and universities to continue and expand their educational mission and enhance their significant role in American higher education.

Pub. L. 89–329, title III, § 341Pub. L. 102–325, title VII, § 704106 Stat. 741 Pub. L. 105–244, title III, § 301(a)(3)112 Stat. 1636 (, formerly title VII, § 721, as added , , ; renumbered title III, § 341, , (4), , .)

Editorial Notes

Codification

section 1132c of this titlePub. L. 105–244Section was formerly classified to prior to renumbering by .

Prior Provisions

Pub. L. 89–329, title III, § 351Pub. L. 99–498, title III, § 301(a)100 Stat. 1302 section 391 of Pub. L. 89–329Pub. L. 105–244, title III, § 301(a)(2)112 Stat. 1636 section 1068 of this titleA prior section 1066, , as added , , , and amended, which related to applications for assistance under this subchapter, was renumbered by , , , and transferred to .

Pub. L. 89–329, title III, § 341Pub. L. 96–374, title III, § 30194 Stat. 1396 Pub. L. 99–498Another prior section 1066, , as added , , , related to applications for assistance, prior to the general amendment of this subchapter by .

Pub. L. 89–329, title IV, § 40679 Stat. 1234 Pub. L. 90–575, title I, § 101(b)(2)82 Stat. 1017 Pub. L. 92–318, title I, § 131(b)(1)86 Stat. 247 Another prior section 1066, , , ; , , , related to allocation of allotted funds to institutions, filing dates for application, criteria for making allocations, additional allocations and payments, prior to the general amendment of part A of subchapter IV of this chapter by , , .

Statutory Notes and Related Subsidiaries

Effective Date

section 2 of Pub. L. 102–325section 1001 of this titlePart effective , see , set out as an Effective Date of 1992 Amendment note under .