Page:United States Statutes at Large Volume 101 Part 1.djvu/383

 PUBLIC LAW 100-50—JUNE 3, 1987

101 STAT. 353

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"(1) the administrator determines, in his or her discretion, that the effective family income of the applicant is small in relation to— e- Ai V "(A) the net value of the principal place of residence; "(B) the net worth of a farm on which the family resides; hnr or "(C) the net worth of a family owned and operated small 3 H £ business; "(2) such administrator reduces or eliminates the amount of such net value or net worth that is subject to assessment in the computation of the expected family contribution of that applicant; and "(8) the administrator reports the amount of such adjust- Grants. ments made with respect to determinations for Pell Grants to the contractor or contractors processing applications for such grants for the award year. "(c) ASSET ADJUSTMENT AS EXAMPLE.—The asset adjustment described in subsection (b) is an example of the type of adjustment which financial aid administrators are authorized to make by subsection (a), and shall not be considered to be the only adjustment that is so authorized."; (27) by striking section 479B and inserting in lieu thereof the 20 USC 1087UU. following: "STUDENT ASSISTANCE AND OTHER FEDERAL PROGRAMS

479B. (a) ATTENDANCE COSTS NOT TREATED AS INCOME OR RESOURCES.—The portion of any student financial assistance received under this title, or under Bureau of Indian Affairs student assistance programs, that is made available for attendance costs described in subsection (b) shall not be considered as income or resources in determining eligibility for assistance under any other program funded in whole or in part with Federal funds. "(b) ATTENDANCE COSTS.—The attendance costs described in this subsection are— "(1) tuition and fees normally assessed a student carrying the same academic workload as determined by the institution, and including costs for rental or purchase of any equipment, materials, or supplies required of all students in the same course of study; and "(2) an allowance for books, supplies, transportation, and miscellaneous personal expenses for a student attending the institution on at least a half-time basis, as determined by the institution. "SEC.

" N A T IV E AMERICAN STUDENTS

"SEC. 479C. In determining family contributions for Native Amer- 20 USC ican students, computations performed pursuant to this part shall 1087UU-1. exclude— "(1) any income and assets of $2,000 or less per individual payment received by the student (and spouse) and student's parents under the Per Capita Act or the Distribution of Judgment Funds Act; and "(2) any income received by the student (and spouse) and student's parents under the Alaskan Native Claims Settlement Act or the Maine Indian Claims Settlement Act."; and 43 USC 1601 note; 25 USC (28) in section 480—

1721 note. 20 USC 1087w.

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