(2) the debt-for-science exchange will make
funds available for such projects which otherwise
would not be available;
(3) the amount of local currency provided as a
result of the debt-for-science exchange will be sub-
stantially greater than the United States dollar pur-
chase price of the debt;
(4) the grantee certifies that the debtor govern-
ment has accepted the terms of the exchange and
that an agreement has been reached to cancel the
commercial debt; and
(5) Federal grants made under this section will
be equally matched by non-Federal contributions to
purchase debt.
(b) INVESTMENT OF GOVERNMENT ASSISTANCE.—
Grantees or subgrantees of funds provided under this sec-
tion may retain, without deposit in the Treasury of the
United States and without further appropriation by Con-
gress, interest earned on the proceeds of any resulting
debt-for-science exchange pending disbursements of such
proceeds and interest for approved program purposes,
which may include the establishment of an endowment, the
income of which is used for such purposes.
(c) COORDINATION.—In carrying out subsection (a)
the Director shall coordinate with Federal agencies, such
as the Agency for International Development, that have
expertise in debt exchanges.
SEC. 403. NATIONAL SCIENCE FOUNDATION PARTICIPA-
TION IN BINATIONAL AND MULTINATIONAL
ENDOWED SCIENCE FOUNDATIONS.
The Director, in consultation with appropriate offi-
cials of the United States and foreign countries, may en-
courage and facilitate the establishment of binational and
multinational endowed science foundations, and may par-
ticipate in the operation and governance of such founda-
tions, including serving as a member of or designating
members to the Boards of Governors, if such founda-
tions—
(1) have Boards of Governors whose members
are chosen to represent participating countries and
possess expertise in international scientific coopera-
tion;
(2) have a structure and operational character-
istics determined exclusively by their Boards of Gov-
ernors, consistent with paragraph (3); and
(3) are established and governed in accordance
with charters which include provisions—
(A) to ensure that the funding of the en-
dowment is shared equitably among the partici-
pating nations, appropriate to their economic
resources;
(B) to protect the endowment’s principal
from loss of value due to inflation;
(C) to define the range of scientific and
educational activities to be funded;
(D) to define criteria for application, merit
review, and awarding of funds which encom-
pass, at a minimum, consideration of scientific
merit, strength of collaborative arrangements,
and potential benefit to participants;
(E) to limit administrative costs to those
that are prudent and necessary; and
(F) to engage an independent auditor to
perform an annual organization-wide audit of
such foundations, in accordance with generally
accepted auditing standards, and to make the
results of the audit immediately available to the
Director and the Board of Governors.
SEC. 404. REPORT.
Within one year after the date of enactment of this
Act, the Director shall submit to the Congress a strategic
plan for international scientific cooperation activities un-
dertaken by the Foundation which—
(1) describes and evaluates all activities involv-
ing international scientific cooperation currently car-
ried out by the Foundation;
(2) describes how these activities relate to ongo-
ing and prospective Foundation research and edu-
cational activities;
(3) details research activities and geographic
areas where international scientific cooperation has
been most effective and where it has been least ef-
fective;
(4) describes plans for future cooperative inter-
national scientific projects; and
(5) assesses the research activities and geo-
graphic areas where future international scientific
cooperation would be most effective.
TITLE V—UNDERGRADUATE
EDUCATION
SEC. 501. REQUIREMENT FOR FUNDING.
Each educational institution that receives a research
grant from the Foundation in fiscal year 1995 shall, as
a condition of receiving such grant, provide to the Founda-
tion the following information on its undergraduate math-
ematics, science, and engineering activities:
(1) A description of teacher training programs
mandated by the institution for teaching assistants,
including the number of training hours required.
(2) The institution’s policy regarding the rel-
ative importance of teaching and research duties in
decisions on promotion, tenure, and salary for fac-
ulty, including any written policy with specific cri-
teria.
(3) Any policy allowing faculty to replace uni-
versity salary with funds from outside sources, along
with any policy allowing faculty to replace all or part
of the teaching load with increased research.
(4) The number of faculty released from some
or all of their teaching responsibilities pursuant to a
policy described in paragraph (3), with the number
replacing all or some of their salary with Federal
funds reported separately.
(5) The number and percentage of faculty, not
including those on regular sabbatical leave, teaching
no undergraduate courses.
(6) The number and percentage of faculty sup-
ported by active Federal research grants teaching
freshman or sophomore lecture courses.
(7) The number and percentage of lecture
sources taught by individuals other than faculty.
(8) The number of students per course in each
introductory course.
Information shall be provided for the most recent aca-
demic year for which it is available. For purposes of this
section, the term ‘‘educational institution’’ means an insti-
tution of higher education that is ranked among the top
100 of the institutions receiving Federal research and de-
velopment funding, as documented in the latest annual re-
port of the Foundation entitled ‘‘Federal Support to Uni-
versities, Colleges, and Selected Non-Profit Institutions’’.
The term ‘‘faculty’’ means tenured or tenure-track em-
ployees not serving in full-time administrative positions.
The Foundation shall compile this information and submit
it to the Congress no later than December 31, 1995.
SEC. 502. RECOMMENDATIONS.
The Director shall transmit to the Congress, at the
time of the President’s budget request for fiscal year
1997, recommendations as to how Foundation research
funds could be used to increase the focus on undergradu-
ate education at institutions of higher education.
Passed the House of Representatives May 4, 1994.
Attest:
DONNALD K. ANDERSON,
Clerk.
HR 3254 RFS——2
HR 3254 RFS——3