In order to offer an arrangement of types of aid, including institutional and State aid which best fits the needs of each individual student, an institution may
(1) transfer a total of 25 percent of the institutions allotment under section
1087bb of this title to the institution’s allotment under section
1070b–3 of this title or section
2752 of title
42 (or both);
(2) transfer 25 percent of the institution’s allotment under section
2752 of title
42 to the institution’s allotment under section
1070b–3 or
1087bb of this title (or both); and
(3) transfer 25 percent of the institution’s allotment under section
1070b–3 of this title to the institution’s allotment under section
2752 of title
42. Funds transferred to an institution’s allotment under another section may be used as a part of and for the same purposes as funds allotted under that section. The Secretary shall have no control over such transfer, except as specifically authorized, except for the collection and dissemination of information.
In order to offer an arrangement of types of aid, including institutional and State aid which best fits the needs of each individual student, an institution may
(1) transfer a total of 25 percent of the institutions allotment under section
1087bb of this title to the institution’s allotment under section
1070b–3 of this title or section
2752 of title
42 (or both);
(2) transfer 25 percent of the institution’s allotment under section
2752 of title
42 to the institution’s allotment under section
1070b–3 or
1087bb of this title (or both); and
(3) transfer 25 percent of the institution’s allotment under section
1070b–3 of this title to the institution’s allotment under section
2752 of title
42. Funds transferred to an institution’s allotment under another section may be used as a part of and for the same purposes as funds allotted under that section. The Secretary shall have no control over such transfer, except as specifically authorized, except for the collection and dissemination of information.
2008—Pub. L. 110–315struck out “and” after semicolon in par. (1), substituted “section
1070b–3 or
1087bb of this title (or both); and” for “section
1070b–3 of this title.” in par. (2), and added par. (3).
1992—Pub. L. 102–325inserted first two sentences and struck out former first sentence which read as follows: “Up to 10 percent of the allotment of an eligible institution for a fiscal year under section
1070b–3 of this title or 2752 of title 42, may be transferred to, and used for the purposes of, the institution’s allotment under the other section within the discretion of such institution in order to offer an arrangement of types of aid, including institutional and State aid, which best fits the needs of each individual student.”
Amendment by Pub. L. 102–325to this section, relating to transfers of allotments, applicable with respect to funds provided for award years beginning on or after July 1, 1993, see section 498 ofPub. L. 102–325, set out as a note under section
1088 of this title.
Effective Date of 1987 Amendment
Amendment by Pub. L. 100–50effective as if enacted as part of the Higher Education Amendments of 1986, Pub. L. 99–498, see section 27 ofPub. L. 100–50, set out as a note under section
1001 of this title.
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20 USC
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