Section 10. Funds; Appropriations.--(a) The sum of one million two hundred twenty-five thousand dollars ($1,225,000) is hereby specifically appropriated to the agency to be deposited in the Higher Education Assistance Fund, hereby created, which shall be held as a reserve to guarantee payment of possible losses for loans guaranteed under the provisions of this act.
(b) The sum of seventy-five thousand dollars ($75,000) is hereby appropriated to the agency for the payment of expenses in carrying out the provisions of this act. The sum of one hundred twenty thousand dollars ($120,000) is hereby appropriated to the agency for the payment of expenses in carrying out the provisions of this act for the fiscal year commencing July 1, 1965.
(10 amended May 11, 1965, P.L.53, No.41)