100 STAT. 1346
PUBLIC LAW 99-498—OCT. 17, 1986 AUTHORIZATION OF APPROPRIATIONS
20 USC
1070d-41.
"SEC. 419K. There are authorized to be appropriated for this subpart $8,000,000 for fiscal year 1987, and such sums as may be necessary for the 4 succeeding fiscal years. "SUBPART 7—ASSISTANCE TO INSTITUTIONS OF HIGHER EDUCATION PAYMENTS TO INSTITUTIONS OF HIGHER EDUCATION
Grants. 20 USC 1070e.
420. (a) COST OF EDUCATION PAYMENTS.—Each institution of higher education shall be entitled for each fiscal year to a cost-ofeducation payment in accordance with the provisions of this section. "SEC.
"(b) COMPUTATION OF AMOUNT.—(1) The amount of the cost-of-
education payment to which an institution shall be entitled under this section for a fiscal year shall be, subject to subsection (d), the amount determined under paragraph (2)(A) plus the amount determined under paragraph (2)(B). "(2)(A)(i) The Secretary shall determine the amount to which an institution is entitled under this subparagraph on the basis of the total number of undergraduate students who are in attendance at the institution and the number of students who are also recipients of basic grants under subpart 1, in accordance with the following table: "If the total number of students in attendance is— Not over 1,000 Over 1,000 but not over 2,500 Over 2,500 but not over 5,000
Over 5,000 but not over 10.000
Over 10,000
The amount of the grant is— $500 for each recipient. $500 for each of 100 recipients; plus $400 for each recipient in excess of 100. $500 for each of 100 recipients; plus $400 for each of 150 recipients in excess of 100; plus $300 for each recipient in excess of 250. $500 for each 100 recipients; plus $400 for each of 150 recipients in excess of 100; plus $300 for each of 250 recipients in excess of 250; plus $200 for each recipient in excess of 500. $500 for each of the 100 recipients; plus $400 for each of 150 recipients in excess of 100; plus $300 for each of 250 recipients in excess of 250; plus $200 for each of 500 recipients in excess of 500; plus $100 for each recipient in excess of 1,000.
"(ii) In any case where a recipient of a basic grant under subpart 1 attends an institution receiving a cost-of-education payment under this subpart on less than a full-time basis, the amount determined under this subparagraph with respect to the student shall be reduced in proportion to the degree to which that student is not attending on a full-time basis. "(iii) If during any period of any fiscal year the funds available for making payments on the basis of entitlements established under this subparagraph are insufficient to satisfy fully all such entitlements, the amount paid with respect to each such entitlement shall be ratably reduced. When additional funds become available for such purpose, the amount of payment from such additional funds shall be in proportion to the degree to which each such entitlement is unsatisfied by the payments made under the first sentence of this division.
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