Page:United States Statutes at Large Volume 112 Part 2.djvu/759

 PUBLIC LAW 105-244—OCT. 7, 1998 112 STAT. 1643 (1) by redesignating subsection (b) as subsection (c); (2) by inserting after subsection (a) the following: "(b) ENDOWMENT FUND.— "(1) IN GENERAL. —An institution may use not more than 20 percent of the grant funds provided under this part to establish or increase an endowment fund at the institution. "(2) MATCHING REQUIREMENT.—In order to be eligible to use grant funds in accordance with paragraph (1), the eligible institution shall provide matching funds from non-Federal sources, in an amount equal to or greater than the Federal funds used in accordance with paragraph (1), for the establishment or increase of the endowment fund. "(3) COMPARABILITY. —The provisions of part C regarding Applicability, the establishment or increase of an endowment fund, that the Secretary determines are not inconsistent with this subsection, shall apply to funds used under paragraph (1)."; and (3) in subsection (c) (as redesignated by paragraph (1)), by striking paragraph (3). (b) PROFESSIONAL OR GRADUATE INSTITUTIONS.— (1) GENERAL AUTHORIZATION. —Section 326(a) (20 U.S.C. 1063b(a)) is amended— (A) in subsection (a)— (i) in paragraph (1), by inserting "in mathematics, engineering, or the physical or natural sciences" after "graduate education opportunities"; and (ii) in paragraph (2>— (I) by striking "$500,000" and inserting " $1,000,000 "; and (II) by striking "except that" and all that follows and inserting the following: ", except that no institution shall be required to match any portion of the first $1,000,000 of the institution's award from the Secretary. After funds are made available to each eligible institution under the funding rules described in subsection (f), the Secretary shall distribute, on a pro rata basis, any amounts which were not so made available (by reason of the failure of an institution to comply with the matching requirements of this paragraph) among the institutions that have complied with such matching requirement."; and (B) in subsection (d)(2), by striking "$500,000" and inserting "$1,000,000". (2) USE OF FUNDS.—Section 326(c) (20 U.S.C. 1063b(c)) is amended by striking paragraphs (1) through (3) and inserting the following: "(1) purchase, rental or lease of scientific or laboratory equipment for educational purposes, including instructional and research purposes; "(2) construction, maintenemce, renovation, and improvement in classroom, library, laboratory, and other instructional facilities, including purchase or rental of telecommunications technology equipment or services; "(3) purchase of library books, periodicals, technical and other scientific journals, microfilm, microfiche, and other educational materials, including telecommunications program materials;

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