The Secretary shall carry out a program, in accordance with this part, to improve the academic quality, institutional management, and fiscal stability of eligible institutions, in order to increase their self-sufficiency and strengthen their capacity to make a substantial contribution to the higher education resources of the Nation.
Grants awarded under this section shall be used for 1 or more of the following activities:
An eligible institution may use not more than 20 percent of the grant funds provided under this part to establish or increase an endowment fund at such institution.
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.
The provisions of part C, regarding 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).
20 U.S.C. § 1057
EDITORIAL NOTES
PRIOR PROVISIONSA prior section 1057, Pub. L. 89-329, title III, §311, as added Pub. L. 96-374, title III, §301, Oct. 3, 1980, 94 Stat. 1391, enumerated purposes and established grant authority for program to strengthen eligible institutions, prior to the general revision of this subchapter by Pub. L. 99-498.
AMENDMENTS2008-Subsec. (b)(1). Pub. L. 110-315, §301(1)(A), made technical amendment to reference in original act which appears in text as reference to section 1068 of this title.Subsec. (b)(3)(F). Pub. L. 110-315, §301(1)(B), inserted ", including services that will assist in the education of special populations" before period at end.Subsec. (c)(6). Pub. L. 110-315, §301(2)(A), inserted ", including innovative, customized, instruction courses designed to help retain students and move the students rapidly into core courses and through program completion, which may include remedial education and English language instruction" before period at end. Subsec. (c)(7) to (13). Pub. L. 110-315, §301(2)(B) -(E), added par. (7), redesignated former pars. (7) to (12) as pars. (8) to (13), respectively, in par. (12), substituted "distance education technologies" for "distance learning academic instruction capabilities" and, in introductory provisions of par. (13), substituted "subsection (b) and section 1068 of this title" for "subsection (c)". 1998-Subsec. (b)(1). Pub. L. 105-244, §301(c)(1), substituted "section 1068h(a)(1)" for "section 1069f(a)(1)". Subsecs. (c), (d). Pub. L. 105-244, §303(a), added subsecs. (c) and (d).1987-Subsec. (b)(1). Pub. L. 100-50 substituted "section 1069f(a)(1) of this title" for "section 1069d(a)(1) of this title".
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 1998 AMENDMENT Amendment by Pub. L. 105-244 effective Oct. 1, 1998, except as otherwise provided in Pub. L. 105-244, see section 3 of Pub. L. 105-244, set out as a note under section 1001 of this title.
EFFECTIVE DATE OF 1987 AMENDMENT Amendment by Pub. L. 100-50 effective as if enacted as part of the Higher Education Amendments of 1986, Pub. L. 99-498, see section 27 of Pub. L. 100-50, set out as a note under section 1001 of this title.