108 STAT. 3652 PUBLIC LAW 103-382—OCT. 20, 1994 20 USC 6871. Notice. Federal Register, publication. "(C) coordinate activities and establish partnerships with organizations and institutions of higher education that represent the interests of the region as such interests pertain to the application of technology in teaching, learning, instructional management, dissemination, collection and distribution of educational statistics, and the transfer of student information. "(4) COORDINATION.— Each consortium receiving a grant under this section shall work collaboratively, and coordinate the services the consortium provides, with appropriate regional and other entities assisted in whole or in part by the Department. "Subpart 4—Product Development "SEC. 3151. EDUCATIONAL TECHNOLOGY PRODUCT DEVELOPMENT. "(a) PURPOSE. —It is the purpose of this subpart to— "(1) support development of curriculum-based learning resources using state-of-the-art technologies and techniques designed to improve student learning; and "(2) support development of long-term comprehensive instructional programming and associated support resources that ensure maximum access by all educational institutions. " (b) FEDERAL ASSISTANCE: AUTHORIZED.— "(1) IN GENERAL. — The Secretary shall provide assistance, on a competitive basis, \ to eligible consortia to enable such entities to develop, produce, and distribute state-of-the-art technology-enhanced instructional resources and programming for use in the classroom or to support professional development for teachers. "(2) GRANTS AND LOANS AUTHORIZED. — In carrying out the purposes of this section, the Secretary is authorized to pay the Federal share of the cost of the development, production, and distribution of state-of-the-art technology enhanced instructional resources and programming— "(A) by awarding grants to, or entering into contracts or cooperative agreements with, eligible consortia; or "(B) by ^warding loans to eligible consortia which— "(i) shall be secured in such manner and be repaid within such period, not exceeding 20 years, as may be determined by the Secretary; "(ii) shall bear interest at a rate determined by the Secretary which shall be not more than the total of one-quarter of 1 percent per annum added to the rate of interest paid by the Secretary on funds obtained from the Secretary of the Treasury; and "(iii) may be forgiven by the Secretary, in an amount not to exceed 25 percent of the total loan, under such terms and conditions as the Secretary may consider appropriate. "(3) MATCHING REQUIREMENT.— The Secretary may require any recipient of a grant or contract under this subpart to share in the cost of the activities assisted under such grant or contract, which non-Federal share shall be announced through a notice in the Federal Register and may be in the form of cash or in-kind contributions, fairly valued.
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