[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR606.23]

[Page 242-243]
 
                           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

[[Page 243]]

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 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]