Formula for allocation
Ratable reduction or increase in funds available for existing schools; excess funds; definition
Reallocation of funds
section 1807(a) of this titleIn any fiscal year in which the amounts for which grant recipients are eligible to receive have been reduced under the first sentence of subsection (a) of this section, and in which additional funds have not been made available to pay in full the total of such amounts under the second sentence of such subsection, each grantee shall report to the Secretary any unused portion of received funds ninety days prior to the grant expiration date. The amounts so reported by any grant recipient shall be made available for reallocation to eligible grantees on a basis proportionate to the amount which is unfunded as a result of the ratable reduction, but no grant recipient shall receive, as a result of such reallocation, more than the amount provided for under .
Pub. L. 95–471, title I, § 11192 Stat. 1328Pub. L. 98–19297 Stat. 1336Pub. L. 101–477, § 1(c)104 Stat. 1152Pub. L. 105–244, title IX, § 901(b)(6)112 Stat. 1828(, formerly § 110, , ; renumbered § 111 and amended , §§ 4(a)(1), (b)(3), 10, , , 1338; , , ; , (8), , .)
Editorial Notes
Amendments
Pub. L. 105–2441998—Subsec. (a)(2). substituted “controlled colleges or universities” for “controlled community colleges” and “such colleges or universities” for “such colleges”.
Pub. L. 101–477, § 1(c)(1)section 1807 of this title1990—Subsec. (a)(1)(A). , amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the Secretary shall first allocate to each such applicant which received funds under for the preceding fiscal year an amount equal to 95 per centum of the product of—
“(i) the per capita payment for the preceding fiscal year; and
“(ii) such applicant’s Indian student count for the current fiscal year;”.
Pub. L. 101–477, § 1(c)(2)Subsec. (a)(1)(B)(ii). , amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the applicant’s Indian student count for the current fiscal year;”.
Pub. L. 98–192, § 10section 1807 of this title1983—Subsec. (a). , amended subsec. (a) generally, substituting provision establishing a formula to be used to determine funding between existing and newly eligible schools when funds appropriated are not sufficient to pay in full the total amount which approved applicants are eligible to receive under for provision that if funds were insufficient to pay in full the total amounts which approved grant applicants were eligible to receive, the available funds would be ratably decreased and if funds later became available or there were excess funds, such funds would be ratably increased.
Pub. L. 98–192, § 10Subsecs. (b), (c). , added subsec. (b) and redesignated former subsec. (b) as (c).
Pub. L. 98–192, § 4(b)(3)section 1807 of this title, made a technical amendment to reference to to reflect renumbering of that section.
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 Title 20Amendment by effective , except as otherwise provided in , see , set out as a note under , Education.