112 STAT. 1650 PUBLIC LAW 105-244 —OCT. 7, 1998 (A) in subparagraph (A), by striking "1993" and inserting "1999"; (B) in subparagraph (B)— (i) in clause (i), by striking "$45,000,000 for fiscal year 1993" and inserting "$10,000,000 for fiscal year 1999"; (ii) by striking clause (ii); and (iii) by striking "(B)(i) There" and inserting "(B) There"; and (C) by adding at the end the following: "(C) There are authorized to be appropriated to carry out section 317, $5,000,000 for fiscal year 1999 and such sums as may be necessary for each of the 4 succeeding fiscal years."; (2) in paragraph (2)— (A) in subparagraph (A), by striking "1993" and inserting "1999"; and (B) in subparagraph (B), by striking "$20,000,000 for fiscal year 1993" and inserting "$35,000,000 for fiscal year 1999"; (3) in paragraph (3), by striking "$50,000,000 for fiscal year 1993" and inserting "$10,000,000 for fiscal year 1999"; (4) by adding at the end the following: "(4) PART D.—(A) There are authorized to be appropriated to carry out part D (other than section 345(7), but including section 347), $110,000 for fiscal year 1999, and such sums as may be necessary for each of the 4 succeeding fiscal years. "(B) There are authorized to be appropriated to cany out section 345(7), such sums as may be necessary for fiscal year 1999 and each of the 4 succeeding fiscal years. "(5) PART E,—There are authorized to be appropriated to carry out part E, $10,000,000 for fiscal year 1999, and such sums as may be necessary for each of the 4 succeeding fiscal years."; and (5) by striking subsections (c), (d), and (e). TITLE IV—STUDENT ASSISTANCE PART A—GRANTS TO STUDENTS SEC. 401. FEDERAL PELL GRANTS. (a) EXTENSION OF AUTHORITY. —Section 401(a)(l) (20 U.S.C. 1070a(a)(l)) is amended— (1) in the first sentence, by striking "The Secretary shall, during the period beginning July 1, 1972, and ending September 30, 1998," and inserting "For each fiscal year through fiscal year 2004, the Secretary shall"; and Federal Register, (2) in the second sentence, by inserting "until such time publication. as the Secretary determines and publishes in the Federal Register with an opportunity for comment, an alternative payment system that provides payments to institutions in an accurate and timely manner," after "pay eligible students". (b) AMOUNT OF GRANT.—Paragraph (2)(A) of section 401(b) is amended to read as follows: "(2)(A) The amount of the Federal Pell Grant for a student eligible under this part shall be— "(i) $4,500 for academic year 1999-2000;
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