Page:United States Statutes at Large Volume 100 Part 2.djvu/222

 100 STAT. 1324 tHiY js, -n •'.''

,,. . h>.,... 29 USC 1651.

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PUBLIC LAW 99-498—OCT. 17, 1986

"(i) the student's parent and the stepparent are married as of the date of appHcation for the award year concerned; and "(ii) the student is not an independent student. "(G)(i) Income in the case of a dislocated worker shall be the income for the year for which the determination is . ., made. "(ii) For the purpose of this subparagraph, a dislocated worker is a worker identified pursuant to title III of the Job Training Partnership Act. "(2) The term 'assets' means cash on hand, including amount in checking and savings accounts, time deposits, money market funds, trusts, stocks, bonds, other securities, mutual funds, tax shelters, and the net value of real estate, income producing property, and business and farm assets. "(3) The term 'award year' is the period of time between July 1 of the first year and June 30 of the following year. "(4) The term 'business assets' means property that is used in the operation of a trade or business, including real estate, inventories, buildings, machinery, and other equipment, pat- ents, franchise rights, and copyrights. "(5) The term 'cost of attendance' means— "(A) the student's tuition and uniform compulsory fees at the institution at which the student is in attendance for any ' i award year, plus "(B)(i) an allowance for room and board costs, books, y« supplies, transportation, and miscellaneous expenses incurred by the student which shall not exceed $1,700 for a student without dependents residing at home with parents; "(ii) an allowance for room and board costs, books, supplies, transportation, and miscellaneous expenses incurred by the student which shall not exceed $2,300 for all other students, subject to clause (iii); "(iii) an allowance for only books, supplies, and transportation (as determined by the institution) and dependent care expenses (in accordance with clause (iv)) for less than half-time students (as determined by the institution); "(iv) an allowance for child care which shall not exceed $1,000; and "(v) an allowance for the costs of special services and ~^"'' equipment required for attendance by the handicapped that are not provided by other assisting agencies; except that, if the meiximum award under this subpart is less than or greater than $2,300, then the dollar amounts specified ' in clauses (i) and (ii) of subparagraph (B) of this paragraph shall be increased or decreased by an amount equal to the amount by which such meiximum award is greater than or less than $2,300, respectively. "(6) Except as otherwise provided, the term 'dependent of the student' means the parents of the student, the student's spouse, any of the student's dependent children, dependent children of the student's parents, including those children who are deemed to be dependent students when applying for aid under this title, and other persons who live with and receive more than one-half of their support from the parents and will continue to receive more than half of their support from the parents during the award year. --ii'^i.B.Jv-.. t«=-..).?:>.-•'.-•-,•.•- ....:...-««.....,....

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