Page:United States Statutes at Large Volume 100 Part 2.djvu/227

 PUBLIC LAW 99-498—OCT. 17, 1986

100 STAT. 1329

a student during an academic year to cover costs for a period which are not appHcable to other periods of such academic year. "AGREEMENTS WITH INSTITUTIONS; SELECTION OF RECIPIENTS

"SEC. 413C. (a) INSTITUTIONAL ELIGIBILITY.—Assistance may be

made available under this subpart only to an institution which— "(1) has, in accordance with section 487, an agreement with the Secretary applicable to this subpart; "(2) agrees that the Federal share of awards under this subpart will not exceed— "(A) 95 percent of such awards in fiscal year 1989, "(B) 90 percent of such awards in fiscal year 1990, and "(C) 85 percent of such awards in fiscal year 1991, except that the Federal share may be exceeded if the Secretary determines, pursuant to regulations establishing objective criteria for such determinations, that a larger Federal share is required to further the purpose of this subpart; and "(3) agrees that the non-Federal share of awards made under this subpart shall be made from the institution's own resources, including— "(A) institutional grants and scholarships; "(B) tuition or fee waivers; "(C) State scholarships; and "(D) foundation or other charitable organization funds. "(b) ELIGIBILITY FOR SELECTION.—Awards may be made under this subpart only to a student who— "(1) is an eligible student under section 484; and "(2) makes application at a time and in a manner consistent with the requirements of the Secretary and that institution. "(c) SELECTION OF INDIVIDUALS AND DETERMINATION OF AMOUNT OF

AWARDS.—(1) From among individuals who are eligible for supplemental grants for each fiscal year, the institution shall, in accordance with the agreement under section 487, and within the amount allocated to the institution for that purpose for that year under section 413D, select individuals who are to be awarded such grants and determine, in accordance with section 413B, the amounts to be paid to them. "(2)(A) In carrying out paragraph (1) of this subsection, each institution of higher education shall, in the agreement made under section 487, assure that the selection procedures— "(i) will be designed to award supplemental grants under this subpart, first, to students with exceptional need, and "(ii) will give a priority for supplemental grants under this subpart to students who receive Pell Grants and meet the requirements of section 484. "(B) For the purpose of subparagraph (A), the term 'students with exceptional need' means students with the lowest expected family contributions at the institution. "(d) USE OF FUNDS FOR LESS-THAN-FULL-TIME STUDENTS.—If

the

institution's allocation under this subpart is directly or indirectly based in part on the financial need demonstrated by students attending the institution less than full time, a reasonable proportion of the institution's allocation shall be made available to such students. "(e)

USE AND TRANSFER OF FUNDS FOR ADMINISTRATIVE EX-

PENSES.—An agreement entered into pursuant to this section shall

20 USC i070b-2.

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