Page:United States Statutes at Large Volume 100 Part 2.djvu/422

 100 STAT. 1524

PUBLIC LAW 99-498—OCT. 17, 1986

qualified institutions have not been received by the State agency prior to January 1 of such fiscal year shall, by request, be available for payment of the Federal share of cost of other approved projects. "(2) Amounts allotted under this section for any fiscal year which are not used by the close of the fiscal year shall be reallotted by the Secretary among the States which are able to use the funds without delay during the next fiscal year. "(f)

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USE FOR CONSTRUCTION, RECONSTRUCTION, RENOVATION.—

Funds available under this part may be used for construction, reconstruction, or renovation of undergraduate facilities and combined graduate and undergraduate facilities. "(g) USE FOR MAINTENANCE.—In addition, an amount less than or equal to 10 percent of that portion of an award granted under this part which is allotted by the recipient to meet costs of— "(1) research or instructional instrumentation and equipment, and "(2) equipment and structural changes necessary to ensure Jut' the proper functioning of such research or instructional instrumentation and equipment, may be allocated by the recipient for maintenance of equipment and changes described in paragraphs (1) and (2). Part or all of this percentage may also be applied to costs of upgrading such equipment and structural changes within three years of the date of initial use, if the recipient deems such upgrading essential to the continued utility (usefulness) of such research or instructional instrumentation and equipment. "PART B—GRANTS FOR CONSTRUCTION, RECONSTRUCTION, AND RENOVATION OF GRADUATE ACADEMIC FACILITIES "GRANTS

20 USC 1132c.

721. (a) GRANT TO INSTITUTIONS; STATE LIMITATION.—(1) Funds available for this part shall be used by the Secretary to make grants to graduate institutions of higher education whose applications for assistance are consistent with the objectives of this title. "(2) The total payment for any fiscal year made to institutions of higher education in any State shall not exceed 12.5 percent of sums appropriated for this part. "(b) PEER REVIEW REQUIRED.—In making grants under this section, the Secretary shall utilize a national peer review panel. The National Peer Review Panel shall be broadly representative of all types and cleisses of institutions of higher education in the United States. Such panel shall make recommendations to the Secretary based on their assessment of^ "(1) the effectiveness of the program in the proposed use of Federal assistance; and in "(2) the extent to which the receipt of the grant will assist the institution in overcoming deficiencies in existing equipment and facilities. "(c) COST LIMITATIONS.—The amount of the grant shall not exceed 50 percent of the development cost of the project. No funds or resources provided through Federal programs shall be used to meet the institution's share of the program supported under this section. "(d) USE FOR MAINTENANCE.—An amount less than or equal to 10 percent of that portion of an award granted under this part which is allotted by the recipient to meet costs of— "SEC.

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