Page:United States Statutes at Large Volume 100 Part 2.djvu/206

 100 STAT. 1308

PUBLIC LAW 99-498—OCT. 17, 1986

make funds available for such award from funds appropriated for this title for the fiscal year in which such funds are to be used by the recipient. "(c) RESERVATIONS.—If the amount appropriated under subsection (a)(1) for part A for any fiscal year beginning after September 30, 1986, equals or exceeds the amount appropriated for such part for fiscal year 1986— "(1) the Secretary shall, for such fiscal year, make available for use for the purposes of part A to institutions that are junior or community colleges not less than $51,400,000; and "(2) the Secretary shall, for such fiscal year— "(A) allocate 25 percent of the excess (above the amount ^d,. appropriated for part A for fiscal year 1986) among eligible institutions with the highest percentages of students who are Black Americans, Hispanic Americans, Native Americans, Asian Americans, Native Hawaiians, or Pacific Islanders, or any combination thereof; and "(B) allocate 75 percent of such excess among other eligible institutions. "(d) RATABLE REDUCTION IN FISCAL YEARS IN WHICH AMOUNTS APPROPRIATED ARE INSUFFICIENT.—In any fiscal year in which the

sums appropriated for part A are insufficient to make the reservations required by subsection (c) of this section, the Secretary shall ratably reduce the amount of the reservation.". (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall take effect July 1, 1987.

20 USC 1051 note.

TITLE IV—STUDENT ASSISTANCE SEC. 401. STUDENTS GRANTS REAUTHORIZED.

(a) AMENDMENT.—Part A of title IV of the Act (20 U.S.C. 1070 et seq.) is amended to read as follows: "TITLE IV—STUDENT ASSISTANCE U< "PART A—GRANTS TO STUDENTS IN ATTENDANCE AT INSTITUTIONS OF HIGHER EDUCATION STATEMENT OF PURPOSE; PROGRAM AUTHORIZATION

State and local governments. Disadvantaged persons. 20 USC 1070.

"SEC. 401. (a) PURPOSE.—It is the purpose of this part, to assist in making available the benefits of postsecondary education to eligible students (defined in accordance with section 484) in institutions of higher education by— "(1) providing basic educational opportunity grants to all it, eligible students; "(2) providing supplemental educational opportunity grants to ISO those students who demonstrate financial need; St* "(3) providing for payments to the States to assist them in making financial aid available to such students; •; • "(4) providing for special programs and projects designed (A) to identify and encourage qualified youths with financial or cultural need with a potential for postsecondary education, (B) •ii to prepare students from low-income families for postsecondary education, and (C) to provide remedial (including remedial lansk guage study) and other services to students; and J "(5) providing assistance to institutions of higher education.

�