 
      CHAPTER 28--HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
 
                    SUBCHAPTER IV--STUDENT ASSISTANCE
 
   Part A--Grants to Students in Attendance at Institutions of Higher 
                                Education
 
     subpart 3--federal supplemental educational opportunity grants
 
Sec. 1070b-4. Carryover and carryback authority


(a) Carryover authority

    Of the sums made available to an eligible institution under this 
subpart for a fiscal year, not more than 10 percent may, at the 
discretion of the institution, remain available for expenditure during 
the succeeding fiscal year to carry out the program under this subpart.

(b) Carryback authority

                           (1) In general

        Of the sums made available to an eligible institution under this 
    subpart for a fiscal year, not more than 10 percent may, at the 
    discretion of the institution, be used by the institution for 
    expenditure for the fiscal year preceding the fiscal year for which 
    the sums were appropriated.

                    (2) Use of carried-back funds

        An eligible institution may make grants to students after the 
    end of the academic year, but prior to the beginning of the 
    succeeding fiscal year, from such succeeding fiscal year's 
    appropriations.

(Pub. L. 89-329, title IV, Sec. 413E, as added Pub. L. 105-244, title 
IV, Sec. 406(d), Oct. 7, 1998, 112 Stat. 1665.)


                             Effective Date

    Section effective Oct. 1, 1998, except as otherwise provided in Pub. 
L. 105-244, see section 3 of Pub. L. 105-244, set out as an Effective 
Date of 1998 Amendment note under section 1001 of this title.
