Description: S. 8. SCHOOL CONSTRUCTION ASSISTANCE ACT OF 1960. AMEND. AUTHORIZING APPROPRIATIONS ANNUALLY OF SUCH SUMS AS NECESSARY TO PAY PRINCIPAL AND INTEREST ANNUALLY COMING DUE ON SCHOOL CONSTRUCTION OBLIGATIONS IN THE AGGREGATE PRINCIPAL OF $4 BILLION AND ALLOCATING FOR EACH OF THE NEXT 4 YEARS $1 BILLION FOR SCHOOL PURPOSES.