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LegalText 20 U.S.C. § 1063a Applications us united_states_code code_section 20 EDUCATION 28 HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE 1063a 20 U.S.C. § 1063a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc20@119-100.zip /us/usc/t20/s1063a data/legal/raw/us/code/title-20/usc20.xml 8a3b99fe9d877b0d2af11ea1f8bb1d0436e3d2fac2135615567dbca3c3af9492 6022872c5d6a3398d1728f82f8cefcb58db9f5ff548e2a636450be1e4a8bb052 0d1e7d1536a112e78d01b1be6be94467a6640493b894724b171873801d3b7a01 2026-07-04 official
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20 U.S.C. § 1063a - Applications

Text

(a) Contents No part B institution shall be entitled to its allotment of Federal funds for any grant under section 1063 of this title for any period unless that institution meets the requirements of subparagraphs (C), (D), and (E) 11 See References in Text note below. of section 1058(b)(1) of this title and submits an application to the Secretary at such time, in such manner, and containing or accompanied by such information, as the Secretary may reasonably require. Each such application shall—

(1) provide that the payments under this chapter will be used for the purposes set forth in section 1062 of this title; and

(2) provide for making an annual report to the Secretary and provide for—

(A) conducting, except as provided in subparagraph (B), a financial and compliance audit of an eligible institution, with regard to any funds obtained by it under this subchapter at least once every 2 years and covering the period since the most recent audit, conducted by a qualified, independent organization or person in accordance with standards established by the Comptroller General for the audit of governmental organizations, programs, and functions, and as prescribed in regulations of the Secretary, the results of which shall be submitted to the Secretary; or

(B) with regard to an eligible institution which is audited under chapter 75 of title 31 deeming such audit to satisfy the requirements of subparagraph (A) for the period covered by such audit.

(b) Approval The Secretary shall approve any application which meets the requirements of subsection (a) and shall not disapprove any application submitted under this part, or any modification thereof, without first affording such institution reasonable notice and opportunity for a hearing.

(c) Goals for financial management and academic programs Any application for a grant under this part shall describe measurable goals for the institutions financial management and academic programs and include a plan of how the applicant intends to achieve those goals.

(Pub. L. 89329, title III, § 325, as added Pub. L. 99498, title III, § 301(a), Oct. 17, 1986, 100 Stat. 1296; amended Pub. L. 10050, § 2(a)(8), June 3, 1987, 101 Stat. 335; Pub. L. 102325, title III, § 303(e), July 23, 1992, 106 Stat. 475.)

Notes

Editorial Notes

References in TextSection 1058(b)(1)(E) of this title, referred to in subsec. (a), was repealed and section 1058(b)(1)(F) was redesignated section 1058(b)(1)(E) by Pub. L. 102325, title III, § 302(a)(1)(B), (C), July 23, 1992, 106 Stat. 472.

Amendments1992—Subsec. (c). Pub. L. 102325 added subsec. (c). 1987—Subsec. (a)(1). Pub. L. 10050 substituted “section 1062 of this title” for “section 1061 of this title”.

Statutory Notes and Related Subsidiaries

Effective Date of 1992 AmendmentAmendment by Pub. L. 102325 effective Oct. 1, 1992, see section 2 of Pub. L. 102325, set out as a note under section 1001 of this title.

Effective Date of 1987 AmendmentAmendment by Pub. L. 10050 effective as if enacted as part of the Higher Education Amendments of 1986, Pub. L. 99498, see section 27 of Pub. L. 10050, set out as a note under section 1001 of this title.