106 STAT. 478 PUBLIC LAW 102-325—JULY 23, 1992 vmder this section an amount which is equal to onehalf of the amount of such grant. "(C)(i) Except as provided in clause (ii), if the appropriation for this part in a fiscal year is $20,000,000 or less, an eligible institution of higher education that is awarded a grant under subsection (b)(2)(B) of this section shall not be eligible to reapply for a grant under subsection (b)(2)(B) of this section during the 10 years immediately following the period that such institution received such a grant. "(ii) If the appropriation for this part in any fiscal year is greater than $20,000,000, an eligible institution of higher education that is awarded a grant under subsection (b)(2)(B) of this section shall not be eligible to reapply for a grant rnider subsection (b)(2)(B) of this section during the 5 years immediately following the period that such institution received such a grant. This provision shall apply for the fiscal year in which the appropriation is greater than $20,000,000 and subsequent fiscal years, regardless of the appropriation in those fiscal years."; (4) in subsection (b)(4)(A), by striking "section 331(a)(1)" and inserting "subsection (a)(2)(D) of this section"; (5) in subsection (b)(4)(B), by striking "a challenge grant under this section" and inserting "an endowment challenge grant under this section"; (6) by amending paragraph (5) of subsection (b) to read as follows: "(5) an endowment challenge grant awarded under this section to an eligible institution shall be in an amount which is not less than $50,000 in any fiscal year.". (7) by amending paragraph (1) of subsection (f) to read as follows: "(1) give priority to an applicant that is receiving assistance under part A or part B or has received a grant under part A or part B of this title within the 5 fiscal years preceding the fiscal year in which the applicant is applying for a grant under this section;"; and (8) in subsection (g), by inserting before the period at the end of the first sentence the following: ", including a description of the long- and short-term plans for raising and using the funds under this part". SEC. 305. AMENDMENTS TO PART D. (a) CONTENTS OF APPLICATIONS.— Section 351(b)(7) of the Act (20 U.S.C. 1066(b)(7)) is amended— (1) by striking subparagraph (D); and (2) by redesignating subparagraphs (E) and (F) as subparagraphs (D) and (E), respectively. (b) WAIVER AUTHORITY.— Section 352(a) of the Act (20 U.S.C. 1067(a)) is amended in the matter preceding paragraph (1) by striking "shall" and inserting "may". (c) REPEALERS. —Sections 355 and 359 of the Act (20 U.S.C. 1069a and 1069e) are each repealed. (d) ASSISTANCE TO INSTITUTIONS UNDER OTHER PROGRAMS.—Section 356(a) of the Act (20 U.S.C. 1069b(a)) is amended by striking "shall" and inserting "ma/'.
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