12 2 STA T .3 1 78PUBLIC LA W 11 0– 31 5— AU G .1 4, 2008 ‘ ‘ (1)an a mou n t t h at isgre ater than $250, 000 b ut l ess than $500,000, the S e c retar y shall a w ar d the p art B institution an allotment in the amount o f $500,000
and ‘‘(2) an amount that is e q ual to or less than $250,000, the Secretary shall award the part B institution an allotment in the amount of $250,000 .’ ’. (b) CONDIT ION SF O RAL LOT ME NTS. — Section 3 2 4 (20 U .S.C. 10 6 3) is further amended by adding at the end the following new sub - section
‘‘(h) CONDITIONS FOR ALLOTMENTS.— ‘‘(1) ST U DENT RE Q UIREMENTS FOR A LLOTMENT.— N otwith- standing any other pro v ision of this section, a part B institution that would otherwise be eligible for funds under this part shall not receive an allotment under this part for a fiscal year, including the minimum allotment under subsection (d), if the part B institution, in the academic year preceding such fiscal year— ‘‘(A) did not have any enrolled students who were P ell G rant recipients; ‘‘(B) did not graduate any students; or ‘‘(C) where appropriate, did not have any students who, within 5 years of graduation from the part B institu- tion, were admitted to and in attendance at a graduate or professional school in a degree program in disciplines in which Blac k s are underrepresented. ‘‘(2) D ATA REQUIREMENTS FOR ALLOTMENTS.—Notwith- standing any other provision of this section, a part B institution shall not receive an allotment under this part for a fiscal year, including the minimum allotment under subsection (d), unless the institution provides the Secretary with the data required by the Secretary and for purposes of the formula described in subsections (a) through (c), including— ‘‘(A) the number of Pell Grant recipients enrolled in the part B institution in the academic year preceding such fiscal year; ‘‘(B) the number of students who earned an associate or baccalaureate degree from the part B institution in the academic year preceding such fiscal year; and ‘‘(C) where appropriate, the percentage of students who, within 5 years of graduation from the part B institu- tion, were admitted to and in attendance at a graduate or professional school in a degree program in disciplines in which Blacks are underrepresented in the academic year preceding such fiscal year.’’. SEC.31 1. PROF ESS I O NAL OR G RA DU A T E INSTITUTIONS. (a) DURATION OF GRANT.—Section 326(b) (20 U.S.C. 1063b(b)) is amended by adding at the end the following: ‘‘Any funds awarded for such five-year grant period that are obligated during such five- year period may be e x pended during the 10-year period beginning on the first day of such five-year period.’’. (b) AUT H ORI Z EDA C TI V ITIES.—Section 326(c) (20 U.S.C. 1063b(c)) is amended— (1) in paragraph (5), by striking ‘‘establish or improve’’ and inserting ‘‘establishing or improving’’; (2) in paragraph (6)— (A) by striking ‘‘assist’’ and inserting ‘‘assisting’’; and
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