Source: https://www.law.cornell.edu/uscode/text/20/1070c-2
Timestamp: 2019-04-23 16:37:44+00:00

Document:
A State which desires to obtain a payment under this subpart for any fiscal year shall submit annually an application therefor through the State agency administering its program under this subpart as of July 1, 1985, unless the Governor of that State so designates, in writing, a different agency to administer the program. The application shall contain such information as may be required by, or pursuant to, regulation for the purpose of enabling the Secretary to make the determinations required under this subpart.
funded by the Federal Government, the State, and, where applicable, other contributing partners.
Upon his approval of any application for a payment under this subpart, the Secretary shall reserve from the applicable allotment (including any applicable reallotment) available therefor, the amount of such payment, which (subject to the limits of such allotment or reallotment) shall be equal to the Federal share of the cost of the students’ incentive grants or work-study jobs covered by such application. The Secretary shall pay such reserved amount, in advance or by way of reimbursement, and in such installments as the Secretary may determine. The Secretary may amend the reservation of any amount under this section, either upon approval of an amendment of the application or upon revision of the estimated cost of the student grants or work-study jobs with respect to which such reservation was made. If the Secretary approves an upward revision of such estimated cost, the Secretary may reserve the Federal share of the added cost only from the applicable allotment (or reallotment) available at the time of such approval.
A prior section 1070c–2, Pub. L. 89–329, title IV, § 415C, as added Pub. L. 92–318, title I, § 131(b)(1), June 23, 1972, 86 Stat. 256; amended Pub. L. 94–482, title I, § 123(b), Oct. 12, 1976, 90 Stat. 2094; Pub. L. 95–43, § 1(a)(6), June 15, 1977, 91 Stat. 213; Pub. L. 95–566, § 3, Nov. 1, 1978, 92 Stat. 2403; Pub. L. 96–374, title IV, § 404(c), title XIII, § 1391(a)(1), (2), Oct. 3, 1980, 94 Stat. 1407, 1503, related to payment of grants to States for State student incentives, prior to the general revision of this part by Pub. L. 99–498.
2008—Subsec. (b)(2). Pub. L. 110–315, § 407(b)(1), substituted “not to exceed the lesser of $12,500 or the student’s cost of attendance per academic year” for “not in excess of $5,000 per academic year”.
Subsec. (b)(9). Pub. L. 110–315, § 407(b)(2), struck out “and” after semicolon.
Subsec. (b)(10). Pub. L. 110–315, § 407(b)(3), struck out “a direct appropriation of” before “State funds” and substituted “; and” for period at end.
Subsec. (b)(11). Pub. L. 110–315, § 407(b)(4), added par. (11).
1998—Pub. L. 105–244 substituted “leveraging educational assistance partnership” for “State student incentive grant” in section catchline.
1993—Subsec. (b)(7). Pub. L. 103–208 substituted a semicolon for period at end.
1992—Subsec. (b)(2). Pub. L. 102–325, § 404(b), substituted “$5,000” for “$2,500”.
Subsec. (b)(4). Pub. L. 102–325, § 404(c), inserted before semicolon at end “, except that for the purpose of collecting data to make such determination of financial need, no student or parent shall be charged a fee that is payable to an entity other than such State”.
Subsec. (b)(7). Pub. L. 102–325, § 404(d), amended par. (7) generally. Prior to amendment, par. (7) read as follows: “provides that, if the institution’s allocation under this subpart is based in part on the financial need demonstrated by students attending the institution less than full time, a reasonable proportion of the institution’s allocation shall be made available to such students;”.

References: § 415
 § 131
 § 123
 § 1
 § 3
 § 404
 § 1391
 § 407
 § 407
 § 407
 § 407
 § 404
 § 404
 § 404