number of Pell Grant recipients at all institutions el-
igible under this section. 
‘‘(2) ALLOTMENT: GRADUATES
BASIS.—From 
the amounts appropriated to carry out this section 
for any fiscal year, the Secretary shall allot to each 
Predominantly Black Institution a sum which bears 
the same ratio to one-fourth that amount as the 
number of graduates for such school year at such in-
stitution bears to the total number of graduates for 
such school year at all intuitions eligible under this 
section. 
‘‘(3) ALLOTMENT: 
GRADUATES
SEEKING
A 
HIGHER DEGREE BASIS.—From the amounts appro-
priated to carry out this section for any fiscal year, 
the Secretary shall allot to each Predominantly 
Black Institution a sum which bears the same ratio 
to one-fourth of that amount as the percentage of 
graduates per institution who are admitted to and in 
attendance at, within 2 years of graduation with an 
associates degree or a baccalaureate degree, either a 
baccalaureate degree-granting institution or a grad-
uate or professional school in a degree program in 
disciplines in which Black American students are 
underrepresented, bears to the percentage of such 
graduates per institution for all eligible institutions. 
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‘‘(4) MINIMUM
ALLOTMENT.—(A) Notwith-
standing paragraphs (1), (2), and (3), the amount 
allotted to each Predominantly Black Institution 
under this section shall not be less than $250,000. 
‘‘(B) If the amount appropriated pursuant to 
section 399 for any fiscal year is not sufficient to 
pay the minimum allotment, the amount of such 
minimum allotment shall be ratably reduced. If addi-
tional sums become available for such fiscal year, 
such reduced allocation shall be increased on the 
same basis as it was reduced until the amount allot-
ted equals the minimum allotment required by sub-
paragraph (A). 
‘‘(5) REALLOTMENT.—The amount of a Pre-
dominantly Black Institution’s allotment under para-
graph (1), (2), (3), or (4) for any fiscal year, which 
the Secretary determines will not be required for 
such institution for the period such allotment is 
available, shall be available for reallotment to other 
Predominantly Black Institutions in proportion to 
the original allotment to such other institutions 
under this section for such fiscal year. The Secretary 
shall reallot such amounts from time to time, on 
such date and during such period as the Secretary 
deems appropriate. 
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‘‘(e) APPLICATIONS.—No Predominantly Black Insti-
tution shall be entitled to its allotment of Federal funds 
for any grant under subsection (d) for any period unless 
the institution submits an application to the Secretary at 
such time, in such manner, and containing or accompanied 
by such information as the Secretary may reasonably re-
quire. 
‘‘(f) APPLICATION REVIEW PROCESS.—Section 393 
shall not apply to applications under this section. 
‘‘(g) PROHIBITION.—No Predominantly Black Insti-
tution that applies for and receives a grant under this sec-
tion may apply for or receive funds under any other pro-
gram under this part or part B of this title. 
‘‘(h) DURATION AND CARRYOVER.—Any funds paid 
to a Predominantly Black Institution under this section 
and not expended or used for the purposes for which the 
funds were paid within 10 years following the date of the 
grant awarded to such institution under this section shall 
be repaid to the Treasury of the United States.’’. 
Æ 
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