Fiscal Year Adjustment Act
PL 94-273 (S.2445), enacted 04/21/1976

PUBLIC LAW 94-273—APR. 21, 1976 
90 STAT. 375 
Public Law 94-273 
94th Congress 
An Act 
To provide permanent changes in laws necessary because of tlie October-
September fiscal yeai*. 
Be it enacted hy the Senate and House of Refresentatives 
of the 
United States of America in Congress assembled, That this Act may 
be cited as the "Fiscal Year Adjustment Act". 
SEC. 2. The following provisions of law are amended by deleting 
"June", wherever it appears, and inserting "September" in lieu 
thereof: 
(1) section 4(a)(2) of the Agriculture and Consumer Pro-
tection Act of 1973, as amended (Public Law 93-347; 7 U.S.C. 
612c note) ; 
(2) section 406(c) and 410(a) of the Eural Electrification Act 
of 1936 (7 U.S.C. 946(c) and 950(a)); 
(3) sections 5234, 5451, 5662(b), 5711(b), 5785, and 6386 of 
title 10, United States Code; 
(4) section 203(d)(2) of the Federal Credit Union Act (12 
U.S.C. 1783(d)(2)); 
(5) section 4(c) (6) of the Small Business Act (15 U.S.C. 633 
(c)(6)); 
. 
^. ^ 
(6) the paragraph headed "Reimbursement for Net Realized 
Losses" of title III of the Act of November 2, 1965 (15 U.S.C. 
713a-lla); 
(7) section 2 of the Land and Water Conservation Fund Act, 
as amended (16 U.S.C. 4601-5); 
(8) section 4(c) of the Fish and Wildlife Act of 1956 (70 Stat. 
1121), as amended (16 U.S.C. 742c(c)); 
(9) section 1 of the Act of September 18, 1972 (16 U.S.C. 
576c); 
(10) section 4 of the Central, Western, and South Pacific Fish-
eries Development Act (86 Stat. 744; 16 U.S.C. 758a note); 
(11) section 16 (b) of the Wild and Scenic Rivers Act (16 U.S.C. 
1287(b)); ^ 
(12) section 102 of the Elementary and Secondary Education 
Act of 1965 (20 U.S.C. 241b); 
(13) section 3 of the Act of September 23, 1950 (20 U.S.C. 
633); 
(14) section 3(a) of the Special Projects Act (20 U.S.C. 1852 
(a)); 
(15) paragraphs (1) and (2) of section 406(f) and section 
409 of the Education Amendments of 1974 (20 U.S.C. 1865 (f) (1) 
and (2), and 1867); 
(16) the matter preceding paragraph (1) of section 20(a) 
of the Act of June 26, 1934, as amended (31 U.S.C. 725s); 
(17) section 402 of the Act of November 13, 1966 (31 U.S.C. 
757f), except for the reference to June 30, 1967; 
(18) section 2 of the Act of May 6, 1974 (Public Law 93-274; 
37 U.S.C. 313(e) note); 
(19) section 756(e) of title 40, United States Code; 
(20) section 903(a)(2)(A) of the Social Security Act, as 
amended (42 U.S.C. 1103(a)(2)(A)); 
Apr. 21, 1976 
[S. 2445] 
Fiscal Year 
Adjustment Act. 
31 u s e 701 note. 
37 u s e 302 note. 
90 STAT. 376 
PUBLIC LAW 94-273—APR. 21, 1976 
(21) sections 435(b), 1305(d), and 1620 of the Public Health 
Service Act (42 U.S.C. 289c-2(b), 300e-4(d), and 300q) ; 
(22) section 11(d) of the Kailroad Unemployment Insurance 
Act (45 U.S.C. 361(d)); 
(23) sections 217(g)(2)(B), 217(g) (3) and (4), and 1118 
of the Social Security Act (42 U.S.C. 417(g)(2)(B), 417(g) 
(3) and (4), 1318); 
(24) section 3 of the Act of September 6,1958 (42 U.S.C. 1893); 
(25) sections 203 and 505(b) of the Public Works and Eco-
nomic Development Act of 1965, as amended (42 U.S.C. 3143 and 
3185(b)); 
(26) section 304(a) of the Comprehensive Alcohol Abuse and 
Alcoholism Prevention, Treatment, and Rehabilitation Act of 
1970 (42 U.S.C. 4574(a)); 
(27) section 246 of the Juvenile Justice and Delinquency Pre-
vention Act of 1974 (42 U.S.C. 5656); 
(28) subsection (b) of the first section of title II of the Act of 
August 28,1937, as amended (43 U.S.C. 1181f (b)); 
(29) section 303(b) of the Act of Septembers, 1950, as amended 
(50 U.S.C. App. 2093(b)); and 
(30) section 15d of the Tennessee Valley Authority Act of 1933, 
as amended (16 U.S.C. 831n-4(e)). 
SEC. 3. The following provisions of law are amended by deleting 
"July", wherever it appears, and inserting "October" in lieu thereof— 
(1) section 4 of the Act of August 30, 1890 (7 U.S.C. 326); 
(2) section 7 of the Act of March 2,1887, as amended (7 U.S.C. 
361g); 
(3) section 5(a) of the Commercial Fisheries Research and 
Development Act of 1964 (78 Stat. 198; 16 U.S.C. 779c(a)); 
(4) sections 5(b) and 201 (b) of the Land and Water Conserva-
tion Fund Act (16 U.S.C. 460l-7(b) and 4601-11 (b)); 
(5) sections 2, 3(b), 4(a), 5(e)(1), 7(a)(1) (A) and (B), 
and 303(a)(1) of the Act of September 30, 1950, as amended 
(20 U.S.C. 237, 238(b), 239(a), 240(e) (1), 241-l(a) (1) (A) and 
(B), and 241bb(a)(1)); 
(6) section 16(a) (1) (A) of the Act of September 23,1950 (20 
U.S.C. 646(a)(1) (A)); 
(7) sections 723(a) (2) and 731(c) (1) of the Bilingual Educa-
tion Act (20 U.S.C. 880b-9(a) (2), and 880b-10(c) (1)) ; 
(8) sections 125,148(c), 151 (i), 305(c), and 309(c) of the Ele-
mentary and Secondary Education Act of 1965 (20 U.S.C. 241o-5, 
2411(c), 241o(i), 844a(c), and 847a(c)); 
(9) section 439(h) (2) of the Higher Education Act of 1965 
(20 U.S.C. 1087-2 (h)(2)); 
(10) section 311(b) of the Adult Education Act (20 U.S.C. 
1209(b)); 
(11) section 442(a) of the Education Amendments of 1972 
(20 U.S.C. 1221g(a)); 
(12) section 412(b) of the General Education Provisions Act 
(20 U.S.C. 1225(b)); 
(13) section 104(a)(5) of the Vocational Education Act of 
1963 (20 U.S.C. 1244(a) (5)) ; 
(14) section 604(b) of the Education of the Handicapped Act 
(20 U.S.C. 1403(b)); 
(15) section 3(c) (1) of the Environmental Education Act (20 
U.S.C. 1532(c)(1)).; 
PUBLIC LAW 94-273—APR. 21, 1976 
90 STAT. 377 
(16) section 306(c) of the Controlled Substances Act (21 
U.S.C. 826(c)); 
(17) section 7(e) of the Fisherman's Protective Act of 1967 
(82 Stat. 729), as amended (22 U.S.C. 1977); 
(18) section 301(a) of the Kehabilitation Act of 1973 (29 
U.S.C. 771 (a)); 
(19) section 8 of the Act of March 4, 1923, as amended (36 
U.S.C. 131); 
(20) section 106(f) (3) of the Water Pollution Control Act (33 
U.S.C.1256(f)(3)); 
(21) section 301a(e) of title 37, United States Code; 
(22) section 5(6) of the Wagner-O'Day Act, as amended (41 
U.S.C. 48b(6)); 
(23) sections 903(a) (2) and 903(b) (1) of the Social Security 
Act, as amended (42 U.S.C. 1103(a)(2) and 1103(b)(1)); and 
(24) soction 715 of the Civil Rights Act of 1964, as amended 
(42 U.S.C. 20000-14). 
SEC. 4. Tlie following provisions of law are amended by deleting 
"June" and "July", wherever they appear, and inserting "September" 
and "October", respectively, in lieu thereof— 
(1) section 4(a) of the Act of September 2, 1937 (50 Stat. 
918), as amended (16 U.S.C. 669c(a)); 
(2) section 4 of the Act of August 9, 1950 (64 Stat. 432), as 
amended (16 U.S.C. 777c); 
. 
. 
. 
(3) section 2 of the Commercial Fisheries Research and Devel-
opment Act of 1964 (78 Stat. 197; 16 U.S.C. 779); 
(4) section 410(a)(7) of the Act of November 19, 1969 (50 
U.S.C. 1436(a) (7)); and 
(5) section 1310(d) of the Supplemental Appropriation Act, 
1952, as amended (5 U.S.C. 3101 note). 
SEC. 5. The following provisions of law are amended by deleting 
"December", wherever it appears, and inserting "Marcli" in lieu 
thereof— 
(1) section 9(a) of the Tennessee Valley Authority Act of 
1933, as amended (16 U.S.C. 831h(a)); 
(2) section 657(a) of the Foreign Assistance Act of 1961, as 
amended (22 U.S.C. 2417(a)); 
(3) section 8 of the Act of June 13, 1888, as amended (29 
U.S.C. 6); 
(4) section 103(a) of the Act of June 6, 1972 (31 U.S.C. 
1203(a));_ 
(5) section 519 of the Omnibus Crime Control and Safe Streets 
Act, as amended (42 U.S.C. 3767); and 
(6) section 410(d) of the Act of November 19,1969 (50 U.S.C. 
1436(d)). 
SEC. 6. The following provisions of law are amended by deleting 
"December" and "June", wherever they appear, and inserting "March" 
and "September", respectively, in lieu thereof— 
(1) section 634(f) of the Foreign Assistance Act of 1961, as 
amended (22U.S.C.2394(f)); 
(2) section 35 of the Act of February 25, 1920, as amended (30 
U.S.C. 191); and 
" 
(3) section 2677(c) of title 10, United States Code. 
SEC. 7. The following provisions of law are amended by deleting 
"September", wherever it appears and inserting "December" in lieu 
thereof— 
90 STAT. 378 
PUBLIC LAW 94-273—APR. 21, 1976 
(1) section 9(a) of the Act of July 22, 1963 (7 U.S.C. 
390h(a)); 
(2) section 308(a) of the Public Health Service Act (42 
U.S.C. 242m(a)); 
(3) sections 901 (b) and 901 (d) of the Agricultural Act of 1970 
(42 U.S.C. 3122(b) and 3122(d)); and 
(4) section 603(b) (4) of the Rural Development Act of 1972 
(7U.S.C.2204(b)). 
SEC. 8. The following provisions of law are amended by deleting 
"September 30", wherever it appears, and inserting "December 31" in 
lieu thereof— 
(1) section 3 (a) of the Act of July 25,1956 (31 U.S.C. 703(a)); 
(2) section l(i) of the Wagner-O'Day Act, as amended (41 
U.S.C. 46); and 
(3) section 204(b) (5) of the Juvenile Justice and Delinquency 
Prevention Act of 1974 (42 U.S.C. 5614). 
SEC. 9. The following provisions of law are amended by deleting 
^'July" and "September", wherever they appear, and inserting "Octo-
ber" and "December", respectively, in lieu thereof— 
(1) section 2 of the Act of August 30,1890 (7 U.S.C. 324); 
(.2) section 5 of the Act of March 2,1887, as amended (7 U.S.C. 
361e) ; and 
(3) section 103 (d) (2) of the Vocational Education Act of 1963 
(20U.S.C. 1243(d) (2)). 
SEC. 10. Section 8(a)(2) of the Rehabilitation Act of 1973 (29 
U.S.C. 707(a)(2)) is amended by deleting "July" and "September 
30", wherever they appear, and inserting "October" and "December 
31" in lieu thereof. 
SEC. 11. The following provisions of law are amended by deleting 
"January", wherever it appears and inserting "April" in lieu thereof— 
(1) section 10 of the Rural Electrification Act of 1936 (7 U.S.C. 
910); 
(2) sections 279, 686, and 2110(b) of title 10, United States 
Code; 
(3) sections 3(f) and 4(g) of the National Science Foundation 
Act of 1950, as amended (42 U.S.C. 1862(f) and 1863(g)); 
(4) section 21 of the Interstate Commerce Act, as amended (49 
U.S.C.21);and 
(5) section 6 of the Trading With the Enemy Act, as amended 
(50U.S.C.App.6). 
SEC. 12. The following provisions of law are amended by deleting 
"March" and inserting "June" in lieu thereof—-
(1) paragraph (1) of section 406(d) of the General Education 
Provisions Act (20 U.S.C. 1221e-l(d)); 
(2) section 105(a) (2) of the Act of October 20,1972 (31 U.S.C. 
1224(a)(2)); and 
(3) section 204(b) (6) of the Juvenile Justice and Delinquency 
Prevention Act of 1974 (42 U.S.C. 5614). 
SEC. 13. The following provisions of law are amended by deleting 
"March 31" and inserting "June 30" in lieu thereof— 
(1) section 442(b) (6) of the Education Amendments of 1972 
(20 U.S.C. 1221g(b) (6)); and 
(2) section 604(b) of the Education of the Handicapped Act 
(20 U.S.C. 1403(b)). 
SEC. 14. Section 410(b) (1) of the Act of November 19, 1969 (50 
U.S.C. 1436 (b) (1)), is amended by deleting "November", wherever it 
appears, and inserting "February" in lieu thereof. 
PUBLIC LAW 94-273—APR. 21, 1976 
90 STAT. 379 
Veterans 
benefits. 
42 use 410. 
42 use 301 note. 
42 use 401. 
SEC. 15. Section 4 of the Act of May 8, 1914, as amended (7 U.S.C. 
344), is amended by deleting "July" the first time it appears, and 
"January" the last time it appears, and inserting "October" and 
"April", respectively, in lieu thereof. 
SEC. 16. Section 217(g)(1) of the Social Security Act (42 U.S.C. 
417(g) (1)) is amended to read as follows: 
"(g) (1) In September of 1965,1970, and 1975, and in October 1980 
and in every fifth October thereafter up to and including October 2010, 
the Secretary shall determine the amount Which, if paid in equal 
installments at the beginning of each fiscal year in the period 
beginning— 
" (A) with July 1,1965, in the case of the first such determina-
tion, and 
"(B) with the beginning of the first fiscal year commencing 
after the determination in the case of all other such determina-
tions, 
and ending with the close of September 30, 2015, would accumulate, 
with interest compounded annually, to an amount equal to the amount 
needed to place each of the Trust Funds and the Federal Hospital 
Insurance Trust Fund in the same position at the close of Septem-
ber 30, 2015, as he estimates they would otherwise be in at the close 
of that date if section 210 of this Act as in effect prior to the Social 
Security Act Amendments of 1950, and this section, had not been 
enacted. The rate of interest to be used in determining such amount 
shall be the rate determined under section 201 (d) for public-debt obli-
gations which were or could have been issued for purchase by the Trust 
Funds in the June preceding the September in which the determina-
tions in 1965,1970, and 1975 are made and in the September preceding 
the October in which all other determinations are made.". 
SEC. 17. Section 437(b) of the General Education Provisions Act 
"
^ 
(20 U.S.C. 1232f (b)), is amended by deleting "October" and insert-
ing "January" in lieu thereof. 
SEC. 18. Section 209(e) (1) of the Highway Revenue Act of 1956 
(23 U.S.C. 120 note), is amended by deleting "March" and "June 30" 
and inserting "June" and "September 30", respectively, in lieu 
thereof. 
SEC. 19. Section 522 of title 28, United States Code, is amended by 
deleting "at the beginning of each regular session of Congress" and 
inserting "by April 1 of each year" in lieu thereof. 
SEC. 20. Section 2(b) of the Act of July 31,1947 (30 U.S.C. 602(b)), 
is amended by deleting "January" and "July" and inserting "April" 
and "October", respectively, in lieu thereof. 
SEC. 21. Section 13 of the National Capital Planning Act of 1952 
(40 U.S.C. 74), is amended by deleting "December" and "September" 
and inserting "March" and "December", respectively, in lieu thereof. 
SEC. 22. Sections 423(c) and 1101(a) (8) (B) of the Social Security 
Act (42 U.S.C. 623(c) and 1301(a) (8) (B)), are amended by deleting 
"July" and "August 31", wherever they appear, and inserting "Octo-
ber" and "November 30", respectively, in lieu thereof. 
SEC. 23. Section 903(a) (2) (B)' of the Social Security Act, as 
amended (42 U.S.C. 1103(a) (2) (B)) is amended by deleting "May", 
wherever it appears, and inserting "August" in lieu thereof. 
SEC. 24, Section 6 of the National Aeronautics and Space Adminis-
tration Authorization Act, 1970 (83 Stat. 196), as amended by 
section 7 of the National Aeronautics and Space Administration 
Authorization Act, 1971 (84 Stat. 372; 52 U.S.C. 2462), is further 42 USe 2462 
amended by deleting "July", "June", "November", and "December" in 
90 STAT. 380 
PUBLIC LAW 94-273—APR. 21, 1976 
sections 6(a) (6), 6(b) (1), and 6(d), and inserting "October", "Sep-
tember", "February", and "March", respectively, in lieu thereof. 
SEC. 25. Section 510 of the Public Works and Economic Develop-
ment Act of 1965 as amended (42 U.S.C. 3189), is amended by deleting 
"January 31" and inserting "April 30" in lieu thereof. 
SEC. 26. Section 707 of the Public Works and Economic Development 
Act of 1965, as amended (42 U.S.C. 3217), is amended by deleting 
"January 3" and inserting "April 1" in lieu thereof. 
SEC. 27. Section 213 of the Merchant Marine Act, 1936 (49 Stat. 
1991), as amended (46 U.S.C. 1123), is amended by deleting "July" 
and inserting "October" in lieu thereof. 
SEC. 28. Section 1111 of title 44, United States Code, is amended by 
deleting "November" and "December" wherever they appear, and 
inserting "February" and "March", respectively, in lieu thereof. 
SEC. 29. Section 10(5) of the Service Contract Act of 1965, as 
amended (41 LLS.C. 358(5)), is amended by deleting "For the fiscal 
year ending June 30, 1977, and for each fiscal year thereafter" and 
mserting "On or after July 1,1976" in lieu thereof. 
SEC. 30. Section 139 of title 2, United States Code, is amended by 
deleting "at the beginning of each regular session" and inserting "not 
later than April 1" in lieu thereof. 
SEC. 31. Section 27(]) of the Consumer Product Safety Act (15 
U.S.C. 2076(j)), is amended by deleting "on or before October 1 of 
each year" and inserting "at the beginning of each regular session 
of Congress" in lieu thereof. 
SEC. 32. (a) Section 263(b) of the Juvenile Justice and Delinquency 
Prevention Act of 1974 (42 U.S.C. 5601 note), is amended by deleting 
"thirty-first day of the eighth" and inserting "thirtieth day of the 
eleventh" in lieu thereof. 
42 use 5671. 
(b) Section 261 of such Act is amended by striking "June 30, 1977" 
and inserting in lieu thereof "September 30,1977". 
42 use 5751. 
(c) Section 331 of such Act is amended by striking "June 30, 1975, 
1976, and 1977" and inserting in lieu thereof "June 30, 1975, and 1976, 
and September 30,1977". 
SEC. 33. Section 704 of the Social Security Act (42 U.S.C. 904) 
is amended by deleting "at the beginning" and inserting "within one 
hundred and twenty days after the beginning" in lieu thereof. 
SEC. 34. The Migratory Bird Hunting Stamp Act of March 16, 
1934 (48 Stat. 452), as amended (16 U.S.C. 718 et seq.), is amended 
by deleting the word "fiscal" wherever it appears therein. 
SEC. 35. (a) Section 15d(f) of the Tennessee Valley Authority Act 
of 1933, as amended (16 U.S.C. 831n-4(f)), is amended by adding the 
following at the end thereof: "As of October 1, 1975, the five-year 
periods described herein shall be computed as beginning on October 1 
of that year and of each fifth year thereafter.". 
(b) Section 26 of the Tennessee Valley Authority Act of 1933, as 
amended (16 U.S.C. 831y), is amended by deleting "at the end of each 
calendar year" and inserting "on March 31 of each year" in lieu 
thereof. 
SEC. 36. Section 208 of the Merchant Marine Act, 1936 (49 Stat. 
1988), as amended (46 U.S.C. 1118), is amended by deleting "at the 
beginning of each regular session" and inserting "by April 1 each 
year" in lieu thereof. 
SEC. 37. Section 4 of the Strategic and Critical Materials Stock 
Piling Act (50 U.S.C. 98c) is amended by deleting "every six months" 
: 
and inserting "not less often than twice annually" in lieu thereof. 
SEC. 38. Sections 6(a) (1) (D) and (E) of the Alaska Native Claims 
Settlement Act (43 U.S.C. 1605) are amended to read as follows: 
PUBLIC LAW 94-273—APR. 21, 1976 
90 STAT. 381 
r 
"(D) $40,000,000 during the period beginning July 1, 1976, 
and ending September 30,1976; and 
"(E) $30,000,000 during each of the next five fiscal years, for 
transfer to the Alaska Native Fund in the fourth quarter of each 
fiscal year.". 
SEC. 39. Section 901(f)(3)(A) of the Social Security Act (42 
U.S.C. 1101 (f) (3) (A)) is amended by deleting "fiscal" the last time 
it appears therein. 
SEC. 40. Section 1304(j) of the Public Health Service Act (42 
. 
U.S.C. 300e-3(j)) is amended by (1) striking out "the fiscal year 
ending June 30, 1976" and inserting in lieu thereof "September 30, 
1976", and (2) striking out "June 30,1977" and inserting in lieu there-
of "September 30 1977". 
SEC. 41. Section 903 (c) (2) (D) of the Social Security Act (42 U.S.C. 
1103(c) (2) (D)), and the sentence following subparagraph (D), are 
amended to read as follows: 
"(D) the appropriation law limits the total amount which may 
be obligated during a twelve-month period (as prescribed in the 
law of the State), or during a transitional period of less than 
twelve months caused by a change in the twelve-month period (as 
prescribed in the law of the State), to an amount which does not 
exceed the amount by which (i) the aggregate of the amounts 
transferred to the account of such State pursuant to subsections 
(a) and (b) during such twelve-month period or transitional 
period of less than twelve months and the twenty-four preceding 
' ' ^•"-
twelve-month periods (including the transitional period of less 
than twelve months if it is within such twenty-four twelve-month 
periods) exceeds (ii) the aggregate of the amounts used by the 
State pursuant to this subsection and charged against the amounts 
transferred to the account of such State during such twenty-four 
twelve-month periods (and the transitional period of less than 
twelve months if it is within the twenty-four twelve-month 
periods). 
For the purposes of subparagraph (D), amounts used by a State 
during any twelve-month period or transitional period of less than 
twelve months shall be charged against equivalent amounts which were 
transferred and which have not previously been so charged; except 
that no amount obligated for administration during any such period 
may be charged against any amount transferred durmg a twelve-
month period or transitional period of less than twelve months earlier 
than the twenty-fourth preceding twelve-month period (including 
the transitional period of less than twelve months if it is within such 
twenty-four twelve-month periods).". 
SEC. 42. Section 8147(b) of title 5, United States Code (Federal 
Employees' Compensation Act), is amended by (1) striking out "fiscal 
year" in the first sentence and inserting "July 1 through June 30 
expense period" in lieu thereof, (2) striking out "next" and, after 
"fiscal year", inserting "beginning in the next calendar year", in the 
. 
second sentence, and (3) inserting "during the first fifteen days of 
October following the furnishing of the statement" after "control" in 
the fourth sentence. 
SEC. 43. Section 313(e) of title 37, United States Code, is amended 
by deleting "April 30" and inserting "July 31" in lieu thereof. 
SEC. 44. Section 221(b) (4) (B) of the Community Mental Health 
Centers Act (42 U.S.C. 2689i(b) (4) (B)) is amended by striking out 
"October", "December", and "July" and inserting in lieu thereof 
"January", "March", and "October", respectively; and by striking out 
"even-numbered" and inserting in lieu thereof "odd-numbered". 
90 STAT. 382 
PUBLIC LAW 94-273—APR. 21, 1976 
SEC. 45. (a) Subsection (b) (1) (A) of the first section of the Act of 
July 25, 1956 (31 U.S.C. 701), as amended by section 503(b) of the 
Congressional Budget Act of 1974, is amended to read as follows: 
"(A) for any fiscal year or years ending on or before June 
30, 1976, on that September 30 which falls in the first month of 
September which occurs twenty-four months after the end of such 
fiscal year or years for which the appropriation is available for 
obligation; and", 
(b) Subsection (b) (2) (A) of such section is amended by deleting 
"September 30" and inserting in lieu thereof "November 15". 
SEC. 46. Section 613(c) of the Foreign Assistance Act of 1961, as 
amended (22 U.S.C. 2363(c)) is further amended by inserting at the 
end thereof the following: "After submission of the reports required 
to reflect inventories as of December 31, 1975, inventories shall be 
reported as of September 30,1976, and semiannually thereafter.". 
SEC. 47. Subsection (c) of section 5008 of the Internal Revenue Code 
of 1954 (26 U.S.C. 5008(c)) is amended by striking "fiscal year" each 
place it appears (including in the schedule contained in paragraph 
(3) (A)) and inserting in lieu thereof "computation year". 
SEC. 48. (a) Section 843(d) of the Education Amendments of 1974 
(20 U.S.C. 241c note) is amended by striking out "June 30, 1977, and 
June 30,1978," and inserting in lieu thereof "September 30, 1977, and 
September 30,1978,". 
(b) Paragraph (2) (A) (i) of section 305(a) of the Education 
20 use 238 note. Amendments of 1974 (Public Law 93-380; 88 Stat. 533) is amended by 
striking out "July 1, 1978" and "July 1, 1977" and inserting in lieu 
thereof "October 1,1978" and "October 1,1977", respectively. 
SEC. 49. (a) Section 103(c) (2) (B) of the Elementary and Second-
- 
' 
ary Education Act of 1965 (20 U.S.C. 241c(c) (2) (B)) is amended 
by striking out "January" wherever it appears and inserting in lieu 
thereof "October". 
(b) Section 103(c) (2) (B) is also amended by striking out "April 1 
of the calendar year" and inserting in lieu thereof "January 1 of the 
fiscal year". 
(c) Section 103(c) (2) (B) is also amended by striking out "second 
calendar year" and by inserting in lieu thereof "calendar year". 
(d) Section 403(16) of the Act of September 30, 1950 (20 U.S.C. 
244(16)), as added by section 101 (a) (9) (K) of the Education Amend-
ments of 1974, is amended by striking out "during the second fiscal 
year" and inserting in lieu thereof "during the third fiscal year" in 
lieu thereof. 
Approved April 21, 1976. 
LEGISLATIVE HISTORY: 
HOUSE REPORT No. 94-1000 accompanying H.R. 12605 (Comm. on Government 
Operations). 
SENATE REPORT No. 94-469 (Comm. on Government Operations). 
CONGRESSIONAL RECORD: 
Vol. 121 (1975): Dec. 1, considered and passed Senate. 
Vol. 122 (1976): Apr. 6, considered and passed House, amended, in lieu of 
H.R. 12605. 
Apr. 8, Senate concurred in House amendment.