20 U.S.C. § 1063a — Applications
submitted 40 years ago by Pub. L. 89-329 to r/title-20-EDUCATION · 316 words · no verdicts yet
A part B institution must meet specified requirements and submit an application to receive an allotment. The application must explain the proposed uses, reporting and audit arrangements, and measurable financial and academic goals.
(a) Contents. A part B institution* is not entitled to its section 1063 allotment for any period unless it meets section 1058(b)(1)(C), (D), and (E) requirements and submits an application when, how, and with the information the Secretary* reasonably requires. The application must: (1) promise that the payments will be used for section 1062 purposes; and (2) provide for an annual report and either (A) a financial and compliance audit at least every two years, covering since the last audit, by a qualified independent person or organization under Comptroller General standards and the Secretary’s regulations, with results sent to the Secretary, or (B) for an institution audited under chapter 75 of title 31, treat that audit as satisfying (A) for its covered period.
(b) Approval. The Secretary must approve an application meeting (a). The Secretary may not disapprove an application or modification without first giving the institution reasonable notice and a chance for a hearing.
(c) Goals. The application must state* measurable goals for financial management and academic programs and explain how the institution plans to achieve them.
No part B institution* shall be entitled to its allotment of Federal funds for any grant under section 1063 of this title for any period unless that institution meets the requirements of subparagraphs (C), (D), and (E) 1 of section 1058(b)(1) of this title and submits an application to the Secretary* at such time, in such manner, and containing or accompanied by such information, as the Secretary may reasonably require. Each such application shall—
provide that the payments under this chapter will be used for the purposes set forth in section 1062 of this title; and
provide for making an annual report to the Secretary and provide for—
conducting, except as provided in subparagraph (B), a financial and compliance audit of an eligible institution, with regard to any funds obtained by it under this subchapter at least once every 2 years and covering the period since the most recent audit, conducted by a qualified, independent organization or person in accordance with standards established by the Comptroller General for the audit of governmental organizations, programs, and functions, and as prescribed in regulations of the Secretary, the results of which shall be submitted to the Secretary; or
with regard to an eligible institution which is audited under chapter 75 of title 31 deeming such audit to satisfy the requirements of subparagraph (A) for the period covered by such audit.
The Secretary shall approve any application which meets the requirements of subsection (a) and shall not disapprove any application submitted under this part, or any modification thereof, without first affording such institution reasonable notice and opportunity for a hearing.
Any application for a grant under this part shall describe measurable goals for the institution’s financial management and academic programs and include a plan of how the applicant intends to achieve those goals.
Source credit: (Pub. L. 89–329, title III, § 325, as added Pub. L. 99–498, title III, § 301(a), Oct. 17, 1986, 100 Stat. 1296; amended Pub. L. 100–50, § 2(a)(8), June 3, 1987, 101 Stat. 335; Pub. L. 102–325, title III, § 303(e), July 23, 1992, 106 Stat. 475.)
- 1986Enacted · Pub. L. 89-329 · 100 Stat. 1296
- 1987Amended · Pub. L. 100-50 · 101 Stat. 335
- 1992Amended · Pub. L. 102-325 · 106 Stat. 475
A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-329 on 1986-10-17.
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