§1087–51. Purpose; appropriations authorized — Inbound Citations
20 U.S.C. § 1087–51
Cited by 5 provisions in release 119-102.
Citations to 20 U.S.C. § 1087–51 as a whole
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(iii) part C of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087–51 et seq.);
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(C) part C of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087–51 et seq.).
Citations to §1087–51(b)
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(1) From the amount appropriated pursuant to section 1087–51(b) of this title for each fiscal year, the Secretary shall first allocate to each eligible institution for each succeeding fiscal year, an amount equal to 100 percent of the amount such institution received under subsections (a) and (b) of this section for fiscal year 1999 (as such subsections were in effect with respect to allocations for such fiscal year).
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(1) From the remainder of the amount appropriated pursuant to section 1087–51(b) of this title after making the allocations required by subsection (a) of this section, the Secretary shall allocate to each eligible institution which has an excess eligible amount an amount which bears the same ratio to such remainder as such excess eligible amount bears to the sum of the excess eligible amounts of all such eligible institutions (having such excess eligible amounts).
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(i) the amount of that institution’s need (as determined under subsection (c) of this section), divided by (ii) the sum of the need of all institutions (as so determined), multiplied by (iii) the amount appropriated pursuant to section 1087–51(b) of this title for the fiscal year; exceeds