20 U.S.C. § 1102c — Application and duration

(a) Application Any eligible institution may apply for a grant under this part by submitting an application to the Secretary at that time and in that manner as the Secretary may require. Such application must demonstrate how the grant funds will be used to improve postbaccalaureate education opportunities for Hispanic and low-income students. (b) Duration Grants under this part must be awarded for a period not to exceed five years. (c) Limitation The Secretary may not award more than one grant under this part in any fiscal year to any Hispanic-serving institution.