100 STAT. 1292
PUBLIC LAW 99-498—OCT. 17, 1986
"(3) Special consideration shall be given to applications which propose, pursuant to the institution's plan, to engage in— _"(A) faculty development; "(B) funds and administrative management; "(C) development and improvement of academic programs; "(D) acquisition of equipment for use in strengthening funds management and academic programs; "(E) joint use of facilities such as libraries and laboratories; and "(F) student services. "DEFINITIONS; ELIGIBILITY 20 USC 1058.
"SEC. 312. (a) EDUCATIONAL AND GENERAL EXPENDITURES.—For the
purpose of this part, the term 'educational and general expenditures' means the total amount expended by an institution of higher education for instruction, research, public service, academic support (including library expenditures), student services, institutional support, scholarships and fellowships, operation and maintenance expenditures for the physical plant, and any mandatory transfers which the institution is required to pay by law. "(b) ELIGIBLE INSTITUTION.—For the purpose of this part, the term 'eligible institution' means— "(1) an institution of higher education— "(A) which has an enrollment of needy students as required by subsection (c) of this section; "(B) except as provided in section 352(b), the average educational and general expenditures of which are low, per full-time equivalent undergraduate student, in comparison with the average educational and general expenditures per full-time equivalent undergraduate student of institutions that offer similar instruction; "(C)(i) is legally authorized to provide, and provides within the State, an educational program for which it awards a bachelor's degree, or (ii) is a junior or community college; "(D) is accredited by a nationally recognized accrediting agency or association determined by the Secretary to be reliable authority as to the quality of training offered or is, according to such an agency or association, making reasonable progress toward accreditation; "(E) except as provided in section 352(b) has, during the 5 academic years preceding the academic year for which it seeks assistance under this part— "(i) met the requirement of either subparagraph (C)(i) or (C)(ii), or of both such subparagraphs (simultaneously or consecutively); and "(ii) met the requirement of subparagraph (D); and "(F) meets such other requirements as the Secretary may prescribe; "(2) any branch of any institution of higher education described under paragraph (1) which by itself satisfies the requirements contained in subparagraphs (A) and (B) of such paragraph; "(3) any institution of higher education which has an enrollment of which at least 20 percent are Mexican American, Puerto Rican, Cuban, or other Hispanic students, or combina-
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