[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR606.23]



[Page 228-229]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 606_DEVELOPING HISPANIC-SERVING INSTITUTIONS PROGRAM--Table of 

Contents

 

             Subpart C_How Does the Secretary Make an Award?

 

Sec. 606.23  What special funding consideration does the Secretary 

provide?



    (a) If funds are available to fund only one additional planning 

grant and each of the next fundable applications has received the same 

number of points under Sec. 606.20 or 606.21, the Secretary awards 

additional points, as provided in the application package or in a notice 

published in the Federal Register, to any of those applicants that--

    (1) Has an endowment fund of which the current market value, per 

full-time equivalent enrolled student, is less than the average current 

market value of the endowment funds, per full-time equivalent enrolled 

student, at similar type institutions; or

    (2) Has expenditures for library materials per full-time equivalent 

enrolled student which are less than the average expenditure for library 

materials per full-time equivalent enrolled student at similar type 

institutions.

    (b) If funds are available to fund only one additional development 

grant and each of the next fundable applications has received the same 

number of points under Sec. 606.20 or 606.22, the Secretary awards 

additional points, as provided in the application package or in a notice 

published in the Federal Register, to any of those applicants that--

    (1) Has an endowment fund of which the current market value, per 

full-time equivalent enrolled student, is less than the average current 

market value of the endowment funds, per full-time equivalent enrolled 

student, at comparable institutions that offer similar instruction;

    (2) Has expenditures for library materials per full-time equivalent 

enrolled



[[Page 229]]



student that are less than the average expenditures for library 

materials per full-time equivalent enrolled student at comparable 

institutions that offer similar instruction; or

    (3) Propose to carry out one or more of the following activities--

    (i) Faculty development;

    (ii) Funds and administrative management;

    (iii) Development and improvement of academic programs;

    (iv) Acquisition of equipment for use in strengthening management 

and academic programs;

    (v) Joint use of facilities; and

    (vi) Student services.

    (c) As used in this section, an ``endowment fund'' does not include 

any fund established or supported under 34 CFR part 628.

    (d) Each year, the Secretary provides prospective applicants with 

the average market value of endowment funds and the average expenditure 

of library materials per full-time equivalent student.

    (e) The Secretary gives priority to each application that contains 

satisfactory evidence that the applicant has entered into or will enter 

into a collaborative arrangement with at least one local educational 

agency or community-based organization to provide that agency or 

organization with assistance (from funds other than funds provided under 

this part) in--

    (1) Reducing the dropout rates of Hispanic students;

    (2) Improving rates of academic achievement of Hispanic students; 

and

    (3) Increasing the rates at which Hispanic high school graduates 

enroll in higher education.



(Authority: 20 U.S.C. 1101 et seq.)



[64 FR 70147, Dec. 15, 1999, as amended at 70 FR 13373, Mar. 21, 2005]