 
      CHAPTER 28--HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
 
                    SUBCHAPTER III--INSTITUTIONAL AID
 
   Part D--Historically Black College and University Capital Financing
 
Sec. 1066f. HBCU Capital Financing Advisory Board


(a) Establishment and purpose

    There is established within the Department of Education, the 
Historically Black College and Universities Capital Financing Advisory 
Board (hereinafter in this part referred to as the ``Advisory Board'') 
which shall provide advice and counsel to the Secretary and the 
designated bonding authority as to the most effective and efficient 
means of implementing construction financing on African American college 
campuses, and advise the Congress of the United States regarding the 
progress made in implementing this part. The Advisory Board shall meet 
with the Secretary at least twice each year to advise him as to the 
capital needs of historically Black colleges and universities, how those 
needs can be met through the program authorized by this part, and what 
additional steps might be taken to improve the operation and 
implementation of the construction financing program.

(b) Board membership

                           (1) Composition

        The Advisory Board shall be appointed by the Secretary and shall 
    be composed of 9 members as follows:
            (A) The Secretary or the Secretary's designee.
            (B) Three members who are presidents of private historically 
        Black colleges or universities.
            (C) Two members who are presidents of public historically 
        Black colleges or universities.
            (D) The president of the United Negro College Fund, Inc., or 
        the president's designee.
            (E) The president of the National Association for Equal 
        Opportunity in Higher Education, or the designee of the 
        Association.
            (F) The executive director of the White House Initiative on 
        historically Black colleges and universities.

                              (2) Terms

        The term of office of each member appointed under paragraphs 
    (1)(B) and (1)(C) shall be 3 years, except that--
            (A) of the members first appointed pursuant to paragraphs 
        (1)(B) and (1)(C), 2 shall be appointed for terms of 1 year, and 
        3 shall be appointed for terms of 2 years;
            (B) members appointed to fill a vacancy occurring before the 
        expiration of a term of a member shall be appointed to serve the 
        remainder of that term; and
            (C) a member may continue to serve after the expiration of a 
        term until a successor is appointed.

(Pub. L. 89-329, title III, Sec. 347, formerly title VII, Sec. 727, as 
added Pub. L. 102-325, title VII, Sec. 704, July 23, 1992, 106 Stat. 
746; renumbered title III, Sec. 347, and amended Pub. L. 105-244, title 
III, Secs. 301(a)(3), (4), 306(e), Oct. 7, 1998, 112 Stat. 1636, 1647.)

                          Codification

    Section was formerly classified to section 1132c-6 of this title 
prior to renumbering by Pub. L. 105-244.


                            Prior Provisions

    A prior section 347 of Pub. L. 89-329 was classified to section 
1069c of this title prior to the general amendment of this subchapter by 
Pub. L. 99-498.


                               Amendments

    1998--Subsec. (b)(1)(D). Pub. L. 105-244, Sec. 306(e)(1)(A), 
inserted ``, or the president's designee.'' after ``Fund, Inc.''
    Subsec. (b)(1)(E). Pub. L. 105-244, Sec. 306(e)(1)(B), inserted ``, 
or the designee of the Association'' before the period.
    Subsec. (c). Pub. L. 105-244, Sec. 306(e)(2), struck out heading and 
text of subsec. (c). Text read as follows: ``There are authorized to be 
appropriated $50,000 for fiscal year 1993 and each of the 4 succeeding 
fiscal years to carry out this section.''


                    Effective Date of 1998 Amendment

    Amendment by Pub. L. 105-244 effective Oct. 1, 1998, except as 
otherwise provided in Pub. L. 105-244, see section 3 of Pub. L. 105-244, 
set out as a note under section 1001 of this title.


                     Termination of Advisory Boards

    Advisory boards established after Jan. 5, 1973, to terminate not 
later than the expiration of the 2-year period beginning on the date of 
their establishment, unless, in the case of a board established by the 
President or an officer of the Federal Government, such board is renewed 
by appropriate action prior to the expiration of such 2-year period, or 
in the case of a board established by Congress, its duration is 
otherwise provided by law. See sections 3(2) and 14 of Pub. L. 92-463, 
Oct. 6, 1972, 86 Stat. 770, 776, set out in the Appendix to Title 5, 
Government Organization and Employees.

                  Section Referred to in Other Sections

    This section is referred to in sections 1066a, 1068h of this title.
