Page:United States Statutes at Large Volume 106 Part 1.djvu/841

 PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 809 after the date of enactment of this provision. Such plan shall include a prioritization of needs, as determined by the Board.". PART E—TRIBAL DEVELOPMENT STUDENT ASSISTANCE REVOLVING LOAN PROGRAM SEC. 1341. SHORT TITLE. This part may be cited as the "Tribal Development Student Assistance Act". SEC. 1342. FINDINGS; PURPOSES. (a) FINDINGS.— The Congress finds that— (1) a substantial number of Indian students have partially completed their degrees in postsecondary education, but have been unable, for a number of reasons, to complete the degrees; (2) in at least some measure these students have been sup- Eorted by tribal funds or grants of Federal monies administered y the Bureau of Indian Affairs or tribes; (3) the inability of the students to complete these degrees has led to a hardship for the students and a loss of a potential pool of talent to the tribes or tribal organizations which originally financed, at least in part, these efforts; (4) this loss has crippled tribal efforts in the areas of economic and social development; (5) this failiu*e to complete the postsecondary schooling has led to economic loss to the tribes and the Federal Government which could be remedied by completion of the courses of study; and (6) a program to identify students with a level of postsecondary completion short of the fulfillment of graduation requirements and to encourage them to complete tiiese requirements, including provision of resources, wili benefit the students, the tribes, and the Federal Government. (b) PURPOSES. —The purposes of this part are— (1) to establish a revolving loan program to be administered by a tribe or tribal organization for the purposes of increasing the number of college graduates available to work in tribal businesses, tribal government, and tribal services such as schools and hospitals; (2) to conduct research to assess the situational and educational barriers to participation in postsecondary education; and (3) to encourage development, through grants, of a model which provides, in addition to loans, transitional and followup services needed to encourage persistence in postsecondary education. SEC. 1343. REVOLVING FUND. (a) RECEIPT, INVESTMENT, AND ACCOUNTING. — (1) TRIBES AND TRIBAL ORGANIZATIONS. —Funds received under a grant under this part or recovered under the provisions of section 1346(a)(2)(B) shall be identified and accounted for separately from any other tribal or Federal funds received from the Federal Government. All funds in tiiis account shall be used for the purposes of this part. (2) FINANCIAL PROCEDURES. —The Secretary of the Interior is responsible for establishing, by regulations, such require- Tribal Development Student Assistance Act. 25 USC 3331. 25 USC 3332. 25 USC 3333. Regulations.

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