---
kind: "section"
citation: "34 C.F.R. § 607.23"
title: "34"
number: "607.23"
heading: "What special funding consideration does the Secretary provide?"
url: "https://uscodex.org/cfr/34/607.23"
---

# §607.23. What special funding consideration does the Secretary provide?

- (a) If funds are available to fund only one additional planning grant and each of the next fundable applications has received the same number of points under § [607.20](/cfr/34/607.20.md) or [607.21](/cfr/34/607.21.md), the Secretary awards additional points, as provided in the application package or in a notice published in the Federal Register, to any of those applicants that—
  - (1) Has an endowment fund of which the current market value, per full-time equivalent enrolled student, is less than the average current market value of the endowment funds, per full-time equivalent enrolled student, at similar type institutions; or
  - (2) Has expenditures for library materials per full-time equivalent enrolled student which is less than the average expenditure for library materials per full-time equivalent enrolled student at similar type institutions.
- (b) If funds are available to fund only one additional development grant and each of the next fundable applications has received the same number of points under § [607.20](/cfr/34/607.20.md) or [607.22](/cfr/34/607.22.md), the Secretary awards additional points, as provided in the application package or in a notice published in the Federal Register, to any of those applicants that—
  - (1) Has an endowment fund of which the current market value, per full-time equivalent enrolled student, is less than the average current market value of the endowment funds, per full-time equivalent enrolled student, at comparable institutions that offer similar instruction;
  - (2) Has expenditures for library materials per full-time equivalent enrolled student which are less than the average expenditures for library materials per full-time equivalent enrolled student at comparable institutions that offer similar instruction; or
  - (3) **Propose to carry out one or more of the following activities—**
    - (i) Faculty development;
    - (ii) Funds and administrative management;
    - (iii) Development and improvement of academic programs;
    - (iv) Acquisition of equipment for use in strengthening management and academic programs;
    - (v) Joint use of facilities; and
    - (vi) **Student services.**
- (c) As used in this section, an endowment fund does not include any fund established or supported under [34 CFR part 628](/cfr/34/part628.md).
- (d) Each year, the Secretary provides prospective applicants with the average expenditure of endowment funds and library materials per full-time equivalent student.

## Notes

### Amendments

[52 FR 30529, Aug. 14, 1987, as amended at 59 FR 41925, Aug. 15, 1994; 60 FR 15447, Mar. 23, 1995; 64 FR 70155, Dec. 15, 1999; 70 FR 13374, Mar. 21, 2005]

### Authority

Authority: 20 U.S.C. 1057-1059g, 1067q, 1068-1068h unless otherwise noted.

### Source

Source: 52 FR 30529, Aug. 14, 1987, unless otherwise noted.

### Amendments

[52 FR 30529, Aug. 14, 1987, as amended at 59 FR 41925, Aug. 15, 1994; 60 FR 15447, Mar. 23, 1995; 64 FR 70155, Dec. 15, 1999; 70 FR 13374, Mar. 21, 2005]