Page:United States Statutes at Large Volume 100 Part 2.djvu/201

 PUBLIC LAW 99-498—OCT. 17, 1986

100 STAT. 1303

sive development plan to strengthen the institution's academic quality and institutional management, and otherwise provide for institutional self-sufficiency and growth (including measurable objectives for the institution and the Secretary to use in monitoring the effectiveness of activities under this title); "(2) set forth policies and procedures to ensure that Federal funds made available under this title for any fiscal year will be used to supplement and, to the extent practical, increase the ^ funds that would otherwise be made available for the purposes of section 311(b) or 323, and in no case supplant those funds; "(3) set forth policies and procedures for evaluating the effectiveness in accomplishing the purpose of the activities for which a grant is sought under this title; "(4) provide for such fiscal control and fund accounting procedures as may be necessary to ensure proper disbursement of and accounting for funds made available to the applicant under this title; "(5) provide (A) for making such reports, in such form and Reports. containing such information, as the Secretary may require to carry out the functions under this title, including not less than one report annually setting forth the institution's progress toward achieving the objectives for which the funds were awarded, and (B) for keeping such records and affording such access thereto, as the Secretary may find necessary to assure the correctness and verification of such reports; "(6) provide that the institution will comply with the limitations set forth in section 356; "(7) describe in a comprehensive manner any proposed project for which funds are sought under the application and include— "(A) a description of the various components of the proposed project, including the estimated time required to complete each such component; "(B) in the case of any development project which consists of several components (as described by the applicant pursuant to subparagraph (A)), a statement identifying those components which, if separately funded, would be sound investments of Federal funds and those components which would be sound investments of Federal funds only if funded under this title in conjunction with other parts of the development project (as specified by the applicant); "(C) an evaluation by the applicant of the priority given any proposed project for which funds are sought in relation to any other projects for which funds are sought by the applicant under this title, and a similar evaluation regarding priorities among the components of any single proposed project (as described by the applicant pursuant to subparagraph (A)); "(D) information explaining the manner in which the proposed project will assist the applicant to prepare for the .critical financial problems that all institutions of higher education will face during the subsequent decade as a result of declining enrollment, and other problems; "(E) a detailed budget showing the manner in which funds for any proposed project would be spent by the applicant; and

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