Page:United States Statutes at Large Volume 112 Part 2.djvu/879

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PUBLIC LAW 105-244 —OCT. 7, 1998 112 STAT. 1763 Regulations. is 20 USC 1099c. of the Higher Education Act Amendments of 1998), or upon request for initial certification from an institution not previously certified, the Secretary may certify the eligibility for the purposes of any program authorized under this title of each such institution for a period not to exceed 6 years. "(2) NOTIFICATION. — The Secretary shall notify each institu- Deadline, tion of higher education not later than 6 months prior to the date of the expiration of the institution's certification. "(3) INSTITUTIONS OUTSIDE THE UNITED STATES. — The Secretary shall promulgate regulations regarding the recertification requirements applicable to an institution of higher education outside of the United States that meets the requirements of section 102(a)(1)(C) and received less than $500,000 in funds under part B for the most recent year for which data are available.". (f) PROVISIONAL CERTIFICATION. —Section 498(h)(2) amended— (1) by striking "the approval" and inserting "the recognition"; and (2) by striking "of approval" and inserting "of recognition". (g) CHANGE IN OWNERSHIP.— Section 498(i) is amended by adding at the end the following: "(4)(A) The Secretary may provisionally certify an institution seeking approval of a change in ownership based on the preliminary review by the Secretary of a materisdly complete application that is received by the Secretary within 10 business days of the transaction for which the approval is sought. "(B) A provisional certification under this paragraph shall expire not later than the end of the month following the month in which the transaction occurred, except that if the Secretary has not issued a decision on the application for the change of ownership within that period, the Secretary may continue such provisional certification on a month-to-month basis until such decision has been issued.". (h) TREATMENT OF BRANCHES.— The second sentence of section 498(j)(l) is amended by inserting "after the branch is certified by the Secretary as a branch campus peirticipating in a program under this title," after "2 years". SEC. 494. PROGRAM REVIEW AND DATA. Section 498A (20 U.S.C. 1099c-l) is amended— (1) in subsection (a)— (A) in paragraph (2)— (i) in the matter preceding subparagraph (A), by striking "may" and inserting "shall"; (ii) by amending subparagraph (C) to read as fol- ^ lows: "(C) institutions with a significant fluctuation in Federal Stafford Loan volume. Federal Direct StafTord/Ford Loan volume, or Federal Pell Grant award volume, or any combination thereof, in the year for which the determination is made, compared to the year prior to such year, that are not accounted for by changes in the Federal Stafford Loan program, the Federal Direct Stafford/Ford Loan program, or the Pell Grant program, or any combination thereof;"; Termination date.