§ 1068.
(b)
Contents
An institution, in its application for a grant, shall—
(1)
set forth, or describe how the institution (other than an institution applying under part C, D or E) will develop, a comprehensive development plan to strengthen the institution’s academic quality and institutional management, and otherwise provide for institutional self-sufficiency and growth (including measurable objectives for the institution and the Secretary to use in monitoring the effectiveness of activities under this subchapter);
(2)
set forth policies and procedures to ensure that Federal funds made available under this subchapter for any fiscal year will be used to supplement and, to the extent practical, increase the funds that would otherwise be made available for the purposes of section 1057(b) or 1062 of this title, and in no case supplant those funds;
(3)
set forth policies and procedures for evaluating the effectiveness in accomplishing the purpose of the activities for which a grant is sought under this subchapter;
(4)
provide for such fiscal control and fund accounting procedures as may be necessary to ensure proper disbursement of and accounting for funds made available to the applicant under this subchapter;
(5)
provide (A) for making such reports, in such form and containing such information, as the Secretary may require to carry out the functions under this subchapter, including not less than one report annually setting forth the institution’s progress toward achieving the objectives for which the funds were awarded, and (B) for keeping such records and affording such access thereto, as the Secretary may find necessary to assure the correctness and verification of such reports;
(7)
describe in a comprehensive manner any proposed project for which funds are sought under the application and include—
(A)
a description of the various components of the proposed project, including the estimated time required to complete each such component;
(B)
in the case of any development project which consists of several components (as described by the applicant pursuant to subparagraph (A)), a statement identifying those components which, if separately funded, would be sound investments of Federal funds and those components which would be sound investments of Federal funds only if funded under this subchapter in conjunction with other parts of the development project (as specified by the applicant);
(C)
an evaluation by the applicant of the priority given any proposed project for which funds are sought in relation to any other projects for which funds are sought by the applicant under this subchapter, and a similar evaluation regarding priorities among the components of any single proposed project (as described by the applicant pursuant to subparagraph (A));
(D)
a detailed budget showing the manner in which funds for any proposed project would be spent by the applicant; and
(E)
a detailed description of any activity which involves the expenditure of more than $25,000, as identified in the budget referred to in subparagraph (D); and
(8)
include such other information as the Secretary may prescribe.
([Pub. L. 89–329, title III, § 391], formerly § 351, as added [Pub. L. 99–498, title III, § 301(a)], Oct. 17, 1986, [100 Stat. 1302]; amended [Pub. L. 100–50, § 2(a)(13)], June 3, 1987, [101 Stat. 336]; [Pub. L. 102–325, title III, § 305(a)], July 23, 1992, [106 Stat. 478]; renumbered § 391 and amended [Pub. L. 105–244, title III], §§ 301(a)(2), (c)(11), 308(a)–(c), Oct. 7, 1998, [112 Stat. 1636], 1637, 1648, 1649; [Pub. L. 110–315, title III], §§ 317, 320(4), Aug. 14, 2008, [122 Stat. 3185], 3188.)