20 U.S. Code § 1101c - Duration of grant
(a) Award period
The Secretary may award a grant to a Hispanic-serving institution under this subchapter for 5 years.
Source(Pub. L. 89–329, title V, § 504, as added Pub. L. 105–244, title V, § 501,Oct. 7, 1998, 112 Stat. 1769; amended Pub. L. 109–292, § 4(b),Sept. 30, 2006, 120 Stat. 1341.)
A prior section 504 ofPub. L. 89–329was classified to section 1102c of this title prior to the general amendment of this subchapter by Pub. L. 105–244.
Another prior section 504 ofPub. L. 89–329was classified to section 1091c of this title prior to repeal by Pub. L. 94–482.
2006—Subsec. (a). Pub. L. 109–292reenacted heading without change and amended text generally. Prior to amendment, text read as follows:
“(1) In general.—The Secretary may award a grant to a Hispanic-serving institution under this subchapter for 5 years.
“(2) Waitout period.—A Hispanic-serving institution shall not be eligible to secure a subsequent 5-year grant award under this subchapter until 2 years have elapsed since the expiration of the institution’s most recent 5-year grant award under this subchapter, except that for the purpose of this subsection a grant under section 1103c (a) of this title shall not be considered a grant under this subchapter.”