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capabilities, including purchase or rental of tele-
communications technology equipment or services. 
‘‘(7) Collaboration with other institutions of 
higher education to expand postbaccalaureate certifi-
cate and degree offerings. 
‘‘(8) Other activities proposed in the application 
submitted pursuant to section 514 that—
‘‘(A) contribute to carrying out the pur-
poses of this part; and 
‘‘(B) are approved by the Secretary as part 
of the review and acceptance of such applica-
tion. 
‘‘SEC. 514. APPLICATION AND DURATION. 
‘‘(a) APPLICATION.—Any eligible institution may 
apply for a grant under this part by submitting an applica-
tion to the Secretary at such time and in such manner 
as determined by the Secretary. Such application shall 
demonstrate how the grant funds will be used to improve 
postbaccalaureate education opportunities for Hispanic 
and low-income students and will lead to greater financial 
independence. 
‘‘(b) DURATION.—Grants under this part shall be 
awarded for a period not to exceed 5 years.
146
‘‘(c) LIMITATION.—The Secretary shall not award 
more than 1 grant under this part in any fiscal year to 
any Hispanic-serving institution.’’. 
(b) COOPERATIVE ARRANGEMENTS.—Section 524 of 
such Act (as redesignated by subsection (a)(2)) (20 U.S.C. 
1103c) is amended by inserting ‘‘and section 513’’ after 
‘‘section 503’’. 
SEC. 402. AUTHORIZATION OF APPROPRIATIONS FOR HIS-
PANIC SERVING INSTITUTIONS. 
(a) AUTHORIZATION
OF
APPROPRIATIONS.—Sub-
section (a) of section 528 of such Act (as redesignated 
by section 401(a)(2)) (20 U.S.C. 1103g) is amended to 
read as follows: 
‘‘(a) AUTHORIZATIONS.—
‘‘(1) PART A.—There are authorized to be ap-
propriated to carry out part A of this title 
$175,000,000 for fiscal year 2005 and such sums as 
may be necessary for each of the 5 succeeding fiscal 
years. 
‘‘(2) PART B.—There are authorized to be ap-
propriated to carry out part B of this title 
$125,000,000 for fiscal year 2005 and such sums as 
may be necessary for each of the 5 succeeding fiscal 
years.’’.
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(b) DEFINITIONS.—Section 502(a) of the Higher 
Education Act of 1965 (20 U.S.C. 1101a(a)) is amend-
ed—
(1) in paragraph (5)—
(A) by inserting ‘‘and’’ after the semicolon 
at the end of subparagraph (A); 
(B) by striking ‘‘; and’’ at the end of sub-
paragraph (B) and inserting a period; and 
(C) by striking subparagraph (C); and 
(2) by striking paragraph (7). 
(c) REDUCING REGULATORY BARRIERS
FOR HIS-
PANIC-SERVING INSTITUTIONS.—Section 503(b) of the 
Higher Education Act of 1965 (20 U.S.C. 1101b(a)) is 
amended by striking paragraph (7) and inserting the fol-
lowing: 
‘‘(7) Articulation agreements and student sup-
port programs designed to facilitate the transfer 
from two-year to four-year institutions.’’. 
(d) ELIMINATION
OF
WAIT-OUT
PERIOD.—Sub-
section (a) of section 504 of the Higher Education Act 
of 1965 (20 U.S.C. 1101c(a)) is amended to read as fol-
lows: 
‘‘(a) AWARD PERIOD.—The Secretary may award a 
grant to a Hispanic-serving institution under this title for 
5 years.’’.
148
(e) APPLICATION PRIORITY.—Section 521(d) of the 
Higher Education Act of 1965 (as redesignated by section 
401(a)(2)) (20 U.S.C. 1103(d)) is amended by striking 
‘‘(from funds other than funds provided under this title)’’. 
TITLE V—HISTORICALLY BLACK 
COLLEGES AND UNIVERSITIES 
SEC. 501. CENTERS OF EXCELLENCE. 
Title II is amended by inserting after part D as 
added by section 201 of this Act the following new part: 
‘‘PART E—CENTERS OF EXCELLENCE 
‘‘SEC. 251. PURPOSES; DEFINITIONS. 
‘‘(a) PURPOSES.—The purposes of this part are—
‘‘(1) to help recruit and prepare teachers, in-
cluding minority teachers, to meet the national de-
mand for a highly qualified teacher in every class-
room; and 
‘‘(2) to increase opportunities for Americans of 
all educational, ethnic, class, and geographic back-
grounds to become highly qualified teachers. 
‘‘(b) DEFINITIONS.—As used in this part: 
‘‘(1) ELIGIBLE INSTITUTION.—The term ‘eligi-
ble institution’ means—
‘‘(A) an institution of higher education 
that has a teacher preparation program that