General authorization
The Secretary shall carry out a program, in accordance with this part, to improve the academic quality, institutional management, and fiscal stability of eligible institutions, in order to increase their self-sufficiency and strengthen their capacity to make a substantial contribution to the higher education resources of the Nation.
Grants awarded; special consideration
Authorized activities
Endowment fund
In general
An eligible institution may use not more than 20 percent of the grant funds provided under this part to establish or increase an endowment fund at such institution.
Matching requirement
In order to be eligible to use grant funds in accordance with paragraph (1), the eligible institution shall provide matching funds from non-Federal sources, in an amount equal to or greater than the Federal funds used in accordance with paragraph (1), for the establishment or increase of the endowment fund.
Comparability
The provisions of part C, regarding the establishment or increase of an endowment fund, that the Secretary determines are not inconsistent with this subsection, shall apply to funds used under paragraph (1).
Pub. L. 89–329, title III, § 311Pub. L. 99–498, title III, § 301(a)100 Stat. 1291Pub. L. 100–50, § 2(a)(1)101 Stat. 335Pub. L. 105–244, title III112 Stat. 1636Pub. L. 110–315, title III, § 301122 Stat. 3166(, as added , , ; amended , , ; , §§ 301(c)(1), 303(a), , , 1638; , , .)
Editorial Notes
Prior Provisions
Pub. L. 89–329, title III, § 311Pub. L. 96–374, title III, § 30194 Stat. 1391Pub. L. 99–498A prior section 1057, , as added , , , enumerated purposes and established grant authority for program to strengthen eligible institutions, prior to the general revision of this subchapter by .
Amendments
Pub. L. 110–315, § 301(1)(A)section 1068 of this title2008—Subsec. (b)(1). , made technical amendment to reference in original act which appears in text as reference to .
Pub. L. 110–315, § 301(1)(B)Subsec. (b)(3)(F). , inserted “, including services that will assist in the education of special populations” before period at end.
Pub. L. 110–315, § 301(2)(A)Subsec. (c)(6). , inserted “, including innovative, customized, instruction courses designed to help retain students and move the students rapidly into core courses and through program completion, which may include remedial education and English language instruction” before period at end.
Pub. L. 110–315, § 301(2)(B)section 1068 of this titleSubsec. (c)(7) to (13). –(E), added par. (7), redesignated former pars. (7) to (12) as pars. (8) to (13), respectively, in par. (12), substituted “distance education technologies” for “distance learning academic instruction capabilities” and, in introductory provisions of par. (13), substituted “subsection (b) and ” for “subsection (c)”.
Pub. L. 105–244, § 301(c)(1)1998—Subsec. (b)(1). , substituted “section 1068h(a)(1)” for “section 1069f(a)(1)”.
Pub. L. 105–244, § 303(a)Subsecs. (c), (d). , added subsecs. (c) and (d).
Pub. L. 100–50section 1069f(a)(1) of this titlesection 1069d(a)(1) of this title1987—Subsec. (b)(1). substituted “” for “”.
Statutory Notes and Related Subsidiaries
Effective Date of 1998 Amendment
Pub. L. 105–244Pub. L. 105–244section 3 of Pub. L. 105–244section 1001 of this titleAmendment by effective , except as otherwise provided in , see , set out as a note under .
Effective Date of 1987 Amendment
Pub. L. 100–50Pub. L. 99–498section 27 of Pub. L. 100–50section 1001 of this titleAmendment by effective as if enacted as part of the Higher Education Amendments of 1986, , see , set out as a note under .