An Act to direct the Secretary of Agriculture to release on :behalf of the United States a condition in a deed conveying certain lands to the Arkansas Game and Fish Commission, and for other purposes
PL 92-319 (H.R.5404), enacted 06/23/1972

86 STAT. ] 
PUBLIC LAW 92-319-JUNE 23, 1972 
381 
(c)(1) Section 401(a) of the Higher Education Act of 1965 is 
amended (A) by striking out the word "and" at the end of paragraph 
(3) of such section; (B) by strikinff out the period at the end of para-
graph (4) and inserting in lieu mereof a semicolon and the word 
''and"; and (C) by adding at the end thereof the following new para-
graph: 
"(5) providing assistance to institutions of higher educa-
tion.". 
(2) Section 401(b) of such Act is amended by striking out "and 4" 
and inserting in lieu thereof "4 and 5". 
(3) Section 491(b) (1) of such Act is amended by inserting after 
"For the purposes of this title," the following "except subpart 5 of 
part A,". 
(d) The total of the payments made under subpart 5 of part A of 
title IV, of the Higher Education Act of 1965 (except section 420) 
and under part F of title I X of such Act may not exceed $1,000,000,000 
during any fiscal year. 
Approved June 23, 1972. 
Ante, p. 247. 
Ante, p. 272. 
Anto, p. 375. 
Limitation. 
Ante, p. 380. 
Public Law 92-319 
AN ACT 
'!'(» direct the Se<-i'Kiir.v of .\4?ricultiu*e to release on lielinlf of tlie Inited 
1
1 condition in H deed conveying <'ertflin lands to the Arl\ans«s (Janie ai 
Conimissioii, and for other purposes. 
Inited States 
id Kisli 
June 23, 1972 
[H. R. S404] 
56 Stat. 725. 
/^e it enacted by the ISeimte and Home of RepremntathieH of the 
l.nited States of America in Congresa assemMed. That, notwithstaiul- 
Land"use"condi-
ing the provisions of subsection (c) of section 32 of the Bankhead- tion, release. 
Jones Farm Tenant Act, as amended (7 L^.S.C. 1011 (c)), the Secretary 
so stat. 525; 
of Agriculture is authorized and directed to release on behalf of tlie 
ITnited States with respect to lands designated pursuant to sectioM 
•
2 hereof the condition in a deed dated Ootooer 2,1969, conveying lands 
in the State of Arkansas to the Arkansas State Game and Fisli 
(Commission, which requires that the lands so conveyed be used for 
public purposes and provides for a reversion of such lands to the 
I "nited States if at any time they cease to be so used. 
SEC. 2. The Secretai'y shall release the condition refei'red to in the 
Hrst section of this Act only with respect to lands covered by and 
described in an agi'eement or agreements entered into between the 
Secretary and the Arkansas State Game and Fish Gommission in 
which such State agency, in consideration of the release of such 
conditions as to such lands, agrees: 
(a) that if lands with respect to which the condition is released 
are exchanged, they shall be exchanged for lands or other prop-
eity of approximately comparable value and that the lands so 
acquired by exchange shall be used for public purposes: and 
(b) that proceeds from a sale, lease, exchange, or other- dis-
position of lands with respect to which the condition is released 
shall be held in a separate fund open to inspection by the Secre-
tary of Agricultui-e and shall be used by the (Commission for the 
acquisition of lands to be held or used for public purposes. 
SKC, 8. Fpon application all the undivided mineral interests of 
the United States ni any parcel or tract of land released pursuant to 
this Act from the condition as to such lands shall be conveyed to the 
Arkansas State Game and Fish ("Commission for- the use and benefit of 
the Gommission by.the Secretary of the Interior. In areas where the 
Secretary of the Interior determines that there is no active mineral 
Mineral 
interests. 
382 
PUBLIC LAW 92-320-JUNE 27, 1972 
[86 STAT. 
"Administrative 
c o s t s . " 
development oi- leasing, and that the lands have no mineral value, the 
mineral interests covered by a single application shall be sold for a 
consideration of $1. In other areas, the mineral interests shall be sold 
at the fair market value thereof as determined by the Secretary of the 
Interior after taking into consideration such appraisals as he deems 
necessary or appropriate. 
SEC. 4. Each application made under the provisions of section 8 
of this Act shall be accompanied by a nonrefundable deposit to \w 
applied to the administrative costs as fixed by the Secretary of the 
Interior. If the conveyance is made, the applicant shall i)ay to the 
Secretary of the Interior the full administrative costs, less the deposit. 
If a conveyance is not made pursuant to an application filed rmder this 
Act, the deposit shall constitute, full satisfaction of such administr-ative 
costs notwithstanding that the administr'ativc costs exceed the deposit. 
SEC. 5. The term "administrative costs" cis used in this Act includes, 
in addition to other items, all costs which the Seci-etary of the Intei-ior 
determines are included in a determination of (1) the mineral char-
acter of the land in question, and (2) the fair market \alue of the 
mineral interest. 
Approved June 23, 1972. 
June 2 7, 1972 
[S.3166] 
Public Law 92-320 
AN A C T 
To amend the Small Business Act. 
Small Business 
Act, amendment. 
i80 Stat. 132; 
84 Stat. 1468; 
85 Stat. 39. 
15 u s e 633. 
78 Stat. 526. 
Be it iniacted hy the Senate and House of Bepresentat'rres of the 
Ignited States of America in Congress assembled. That pai-agraph (4) 
of section 4:(c) of the Small Business Act is amended— 
(1) by striking out "$3,100,000,000" and insei-ting in lieu thereof 
"$4,300,000,000"; 
(2) by striking out "$450,000,000" and inserting in lieu thereof 
"$500.000.000"; and 
(3) by striking out "$300,000,000" and inserting in lieu thereof 
"$350,000,000". 
SEC. 2. Section 402(a) of the Economic Opportunity Act of 1964 
(42 U.S.C. 2902(a)) is amended by striking out "$25,000" and insert-
ing in lieu thereof "$50,000". 
Approved June 27, 1972. 
June 30. 1972 
[S. J . R e s . 211] 
Public Law 92-321 
JOINT RESOLUTION 
Ti» amend title IV of the Consumer Credit Pi'otection Act estahlishin}; the 
National Commission on <'onsnmer Finance. 
liesolred by the Senate and Hou-sf of Repyesent<itire>^ of the United 
onsumer Credit States of America in Congress assembled. That title IV of the Con-
n
d
m
e
°
T
?
t '^ ' 
suiucr Credit Protection Act (82 Stat. 1(55) is amended as follows: 
c 
Prot 
amendment. 
84 Stat. 440. 
15 u s e 1601 
note. 
(1) ill section 404(b). by striking out "July 1, 1972" and 
inseiting "December 31, 1972" in lieu thereof; 
(2) in section 406(e). by striking out "Ninety days after" and 
inserting "After" in lieu thereof; and 
(3) in section 407, by striking out "$1,.500,000" and inserting 
"$2,000,000" in lieu thereof. 
Approved June 30, 1972.