PRIME Act

Bill: 118-hr-4515
Sponsor: full_name: Rep. Carter, Troy [D-LA-2]
Introduced: 2023-07-10
Policy area: Education
Latest action: action_date: 2023-07-10
text: Referred to the House Committee on Education and the Workforce.

Summaries:
action_date: 2023-07-10
action_desc: Introduced in House
text: <p><strong>Performance, Resources, Inclusion, Matters, for Equity Act or the PRIME Act</strong></p><p>This bill requires the Department of Education to award competitive grants to covered institutions for athletic programs and facilities. <em>Covered institution</em> refers to an institution of higher education with an endowment fund that is less than $900,000,000 and that has an athletic program with an annual operating revenue&nbsp;that is less than $20,000,000.</p><p>Grant recipients may use these funds to (1) develop, maintain, or enhance any facility, equipment, or infrastructure (e.g., stadiums, gyms, or fields) for any athletic program offered by the institution; or (2) purchase and maintain materials, sporting equipment, and uniforms needed to conduct or produce a live sporting event in accordance with the most recent guidelines issued by the National Collegiate Athletic Association, the National Association of Intercollegiate Athletics, or the Central Intercollegiate Athletic Association. &nbsp;</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 4515 IN THE HOUSE OF REPRESENTATIVES July 10, 2023 Mr. Carter of Louisiana (for himself, Ms. Adams , Mr. Clyburn , Mr. Thompson of Mississippi , Ms. Jackson Lee , Ms. Clarke of New York , Mr. Johnson of Georgia , Ms. Sewell , Mr. Payne , Mrs. Watson Coleman , Mr. Evans , Mr. Davis of North Carolina , Mr. Ivey , and Mr. David Scott of Georgia ) introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To direct the Secretary of Education to award grants to institutions of higher education with an endowment lower than $900,000,000 and an annual operating revenue for athletic programs that is less than $20,000,000 to strengthen existing sports and athletic facilities at such institutions, and for other purposes.

1. Short title This Act may be cited as the Performance, Resources, Inclusion, Matters, for Equity Act or the PRIME Act . 2. Grant program authorized (a) In general From the amounts appropriated to carry out this Act, the Secretary of Education shall award grants, on a competitive basis, to covered institutions to assist the institutions in developing, maintaining, or enhancing facilities, equipment, or infrastructure for any athletic program offered by the institutions. (b) Minimum grant amount The amount of any grant awarded under this Act shall be not less than $250,000. (c) Application To be eligible to receive a grant under this Act, a covered institution shall submit an application to the Secretary at such time, in such manner, and containing such information as the Secretary may require. (d) Uses of funds A covered institution receiving a grant under this Act may use such grant to— (1) develop, maintain, or enhance any facility, equipment, or infrastructure (including stadiums, gyms, or fields) for any athletic program offered by the institution; or (2) purchase and maintain materials, sporting equipment, and uniforms needed to conduct or produce a live sporting event in accordance with the most recent guidelines issued by the National Collegiate Athletic Association, the National Association of Intercollegiate Athletics, or the Central Intercollegiate Athletic Association. (e) Definitions In this Act: (1) Annual operating revenue The term annual operating revenue for athletic programs , when calculated with respect to a covered institution, means the total annual revenue for athletic programs offered by the covered institution, including those funds generated by the institution from ticket sales, student fees, and television receipts for such programs. (2) Covered institution The term covered institution means an institution of higher education— (A) with an endowment fund that is less than $900,000,000; and (B) that has an athletic program, and an annual operating revenue for athletic programs that is less than $20,000,000. (3) Endowment fund The term endowment fund has the meaning given the term in section 312 of the Higher Education Act of 1965 ( 20 U.S.C. 1058 ). (4) Institution of higher education The term institution of higher education has the meaning given the term in section 101 or 102(a)(1)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1001 , 1002(a)(1)(B)).