Page:United States Statutes at Large Volume 100 Part 2.djvu/386

 100 STAT. 1488

PUBLIC LAW 99-498—OCT. 17, 1986

is?

"(2) operation of short-term training institutes designed to improve the skills and career awareness of participants in such • institutes; and "(3) special programs to assist in training of students and part-time staff or volunteers at institutions eligible for assistance under title III of this Act. "(c) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated $1,000,000 to carry out the provisions of this section for fiscal year 1981 and for each of the succeeding fiscal years ending prior to October 1, 1986.

' r • 20 USC 1094.

Reports.

"SEC. 487.

"PROGRAM PARTICIPATION AGREEMENTS (a)

REQUIRED FOR PROGRAMS OF ASSISTANCE; CON-

TENTS,—In order to be an eligible institution for the purposes of any program authorized under this title, an institution must be an institution of higher education or an eligible institution (as that term is defined for the purpose of that program) and shall, except with respect to a program under subpart 3 of part A, enter into a program participation agreement with the Secretary. The agreement shall condition the initial and continuing eligibility of an institution to participate in a program upon compliance with the following requirements: "(1) The institution will use funds received by it for any program under this title and any interest or other earnings thereon solely for the purpose specified in and in accordance . with the provision of that program. "' " *^ ^ "(2) The institution shall not charge any student a fee for processing or handling any application, form, or data required to determine the student's eligibility for assistance under this title or the amount of such assistance, or for completing or handling the Federal Student Assistance Report provided for in section 483(e). -0 "(3) The institution will establish and maintain such administrative and fiscal procedures and records as may be necessary to ensure proper and efficient administration of funds received from the Secretary or from students under this title. "(4) The institution will comply with the provisions of subsec^ ^' tion (b) of this section and the regulations prescribed under that subsection, relating to fiscal eligibility. "(5) The institution will submit reports to the Secretary and, in the case of an institution participating in a program under part B or part E, to holders of loans made to the institution's students under such parts at such times and containing such information as the Secretary may reasonably require to carry out the purpose of this title. "(6) The institution will not provide any student with any statement or certification to any lender under part B that qualifies the student for a loan or loans in excess of the amount that student is eligible to borrow in accordance with sections 425(a), 428(a)(2), and 428(b)(1)(A) and (B). "(7) The institution will comply with the requirements of ^" section 485. fs "(8) In the case of an institution that advertises job placement rates as a means of attracting students to enroll in the institu-- tion, the institution will make available to prospective students, at or before the time of application, the most recent available

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