PUBLIC LAW 96-374—OCT. 3, 1980
94 STAT. 1401
"(d) Of the sums appropriated under subsection (a)(1) for the purpose of part A for any fiscal year, the Secretary shall make Ante, p. 1391. available not less than 25 per centum for grants under section 313(a)(2). Any funds made available under this subsection for such grants which are not expended during the fiscal year for which such funds were appropriated shall remain available for expenditure for the purpose of making such grants during subsequent fiscal years. "(e) The Secretary shall assure that in each fiscal year the amount available under part B for institutions with special needs that Ante, p. 1393. historically serve substantial numbers of black students will not be less than 50 per centum of the amount received by such institutions for fiscal year 1979.". TITLE IV—STUDENT ASSISTANCE PART A—GRANTS TO STUDENTS IN ATTENDANCE AT INSTITUTIONS OF HIGHER EDUCATION STATEMENT OF PURPOSE 20 USC 1070. SEC. 401. Section 401(a) of the Act is amended— (1) by striking out "qualified students" and inserting in lieu thereof "eligible students (defined in accordance with section 484)"; and (2) by striking out "of exceptional need who, for lack of such a grant, would be unable to obtain the benefits of a postsecondary education" in paragraph (2) and inserting in lieu thereof "who demonstrate financial need". PELL GRANTS
SEC. 402. (a) Section 411(a)(1) of the Act is amended to read as 20 USC lOTOa. follows: "SEC. 411. (a)(1)(A) The Secretary shall, during the period beginning July 1, 1972, and ending September 30, 1985, pay to each eligible student (defined in accordance with section 484) for each academic year during which that student is in attendance at an institution of higher education, as an undergraduate, a basic grant in the amount for which that student is eligible, as determined pursuant to paragraph (2). "(B) The purpose of this subpart is to provide a basic grant that (i) as determined under paragraph (2), will meet in academic year 1985-1986, 70 per centum of a student's cost of attendance not in excess of $3,700; and (ii) in combination with reasonable parental or independent student contribution and supplemented by the programs authorized under subparts 2 and 3 of this part, will meet 75 per centum of a student's cost of attendance, unless the institution determines that a greater amount of assistance would better serve the purposes of section 401. "(C) Basic grants made under this subpart shall be known as 'Pell "Pell Grants." Grants'.". (b)(l) Section 411(a)(2)(A)(i) of the Act is amended to read as follows: Basic grants. "(2)(A)(i) The amount of the basic grant for a student eligible under this part shall be— "(I) $1,900 for academic year 1981-1982, "(II) $2,100 for academic year 1982-1983, "(III) $2,300 for academic year 1983-1984, "(IV) $2,500 for academic year 1984-1985, and
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