Collapse to view only § 3243. Hispanic-serving agricultural colleges and universities
- § 3241. Education grants programs for Hispanic-serving institutions
- § 3242. Transferred
- § 3243. Hispanic-serving agricultural colleges and universities
§ 3241. Education grants programs for Hispanic-serving institutions
(a) Grant authority
(b) Use of grant funds
Grants made under this section shall be used—
(1) to support the activities of Hispanic-serving institutions to enhance educational equity for underrepresented students;
(2) to strengthen institutional educational capacities, including libraries, curriculum, faculty, scientific instrumentation, instruction delivery systems, and student recruitment and retention, in order to respond to identified State, regional, national, or international educational needs in the food and agricultural sciences;
(3) to attract and support undergraduate and graduate students from underrepresented groups in order to prepare them for careers related to the food, agricultural, and natural resource systems of the United States, beginning with the mentoring of students at the high school level and continuing with the provision of financial support for students through their attainment of a doctoral degree; and
(4) to facilitate cooperative initiatives between 2 or more Hispanic-serving institutions, or between Hispanic-serving institutions and units of State government or the private sector, to maximize the development and use of resources, such as faculty, facilities, and equipment, to improve food and agricultural sciences teaching programs.
(c) Authorization of appropriations
(Pub. L. 95–113, title XIV, § 1455, as added Pub. L. 104–127, title VIII, § 815(a), Apr. 4, 1996, 110 Stat. 1166; amended Pub. L. 105–185, title III, § 301(a)(11), June 23, 1998, 112 Stat. 562; Pub. L. 107–171, title VII, § 7111, May 13, 2002, 116 Stat. 433; Pub. L. 110–234, title VII, § 7128, May 22, 2008, 122 Stat. 1223; Pub. L. 110–246, § 4(a), title VII, § 7128, June 18, 2008, 122 Stat. 1664, 1985; Pub. L. 113–79, title VII, § 7115, Feb. 7, 2014, 128 Stat. 875; Pub. L. 115–334, title VII, § 7121, Dec. 20, 2018, 132 Stat. 4792.)
§ 3242. Transferred
§ 3243. Hispanic-serving agricultural colleges and universities
(a) Definition of endowment fund
(b) Endowment
(1) In general
(2) Agreements
(3) Deposit to the endowment fund
The Secretary of the Treasury shall deposit in the endowment fund any—
(A) amounts made available through Acts of appropriations, which shall be the endowment fund corpus; and
(B) interest earned on the endowment fund corpus.
(4) Investments
(5) Withdrawals and expenditures
(A) Corpus
(B) Withdrawals
On September 30, 2008, and each September 30 thereafter, the Secretary of the Treasury shall withdraw the amount of the income from the endowment fund for the fiscal year and warrant the funds to the Secretary of Agriculture who, after making adjustments for the cost of administering the endowment fund, shall distribute the adjusted income as follows:
(i) 60 percent shall be distributed among the Hispanic-serving agricultural colleges and universities on a pro rata basis based on the Hispanic enrollment count of each institution.
(ii) 40 percent shall be distributed in equal shares to the Hispanic-serving agricultural colleges and universities.
(6) Endowments
(7) Authorization of appropriations
(c) Authorization for annual payments
(1) In general
For fiscal year 2008 and each fiscal year thereafter, there are authorized to be appropriated to the Department of Agriculture to carry out this subsection an amount equal to the product obtained by multiplying—
(A) $80,000; by
(B) the number of Hispanic-serving agricultural colleges and universities.
(2) Payments
For fiscal year 2008 and each fiscal year thereafter, the Secretary of the Treasury shall pay to the treasurer of each Hispanic-serving agricultural college and university an amount equal to—
(A) the total amount made available by appropriations under paragraph (1); divided by
(B) the number of Hispanic-serving agricultural colleges and universities.
(3) Use of funds
(A) In general
(B) Relationship to other law
(d) Institutional capacity-building grants
(1) In general
(2) Criteria for institutional capacity-building grants
(A) Requirements for grants
(B) Demonstration of need
(i) In general
(ii) Other sources of funding
(C) Payment of non-Federal share
(3) Authorization of appropriations
(e) Competitive grants program
(1) In general
The Secretary shall establish a competitive grants program—
(A) to fund fundamental and applied research and extension at Hispanic-serving agricultural colleges and universities in agriculture, human nutrition, food science, bioenergy, and environmental science; and
(B) to award competitive grants to Hispanic-serving agricultural colleges and universities to provide for training in the food and agricultural sciences of Hispanic agricultural workers and Hispanic youth working in the food and agricultural sciences.
(2) Authorization of appropriations
(Pub. L. 95–113, title XIV, § 1456, as added Pub. L. 110–234, title VII, § 7129(a), May 22, 2008, 122 Stat. 1224, and Pub. L. 110–246, § 4(a), title VII, § 7129(a), June 18, 2008, 122 Stat. 1664, 1985; amended Pub. L. 113–79, title VII, § 7116, Feb. 7, 2014, 128 Stat. 875.)