| OCR Text |
Show , Utah Senator's Bill Proposes Aid for Schools Construction the nation with almost half our people 25 years of age and over having completed four years of high school. An opportunity to obtain funds at low rates of interest in-terest for construction of class rooms, libraries and laboratories will help us to train these high school graduates in our rapidly growing state," the Senator said. Senator Frank E. Moss of Utah announced Wednesday his co-; sponsorship of a Senate bill that would make $125 million available avail-able for federal loans for college classrooms, laboratories, and li-i li-i braries. Sen. Moss said: "The formula in this bill is the same as the one used for the highly successful college housing hous-ing program. The money will be repaid to the federal government with interest. Eleven college housing loans have been made to Utah institutions totalling $11 million. Four other applications are pending. "The figures show that colleges and universities will double enrollments en-rollments by 1970. If the nation is to have the benefit of adequate development of the skills and brains of our growing army of young people, we must act now to provide clasrooms and laboratories. labora-tories. "Surely America realizes by now that we are in a race for intellectual leadership with the Soviet Union. It seems self-evident that if we are to train the scientists and engineers we need and also provide a vast reservoir of educated men and women capable of leadership, we must provide not only college dormitories dormi-tories where they can sleep but also college classrooms where they can work and study. "Let me repeat the bill provides pro-vides money for loans only. It will be repaid with interest. "In addition to new construction, construc-tion, loans may be made for 'rehabilitation, alteration, conversion, con-version, or improvement' of existing ex-isting structures. Repayment may not exceed 50 years, and interest will be determined by af ormula which is calculated to repay the government's cost for the money. "Utah is first in education in |
