 
      CHAPTER 28--HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
 
                    SUBCHAPTER IV--STUDENT ASSISTANCE
 
   Part F--General Provisions Relating to Student Assistance Programs
 
Sec. 1095. Transfer of allotments

    In order to offer an arrangement of types of aid, including 
institutional and State aid which best fits the needs of each individual 
student, an institution may (1) transfer a total of 25 percent of the 
institutions allotment under section 1087bb of this title to the 
institution's allotment under section 1070b-3 of this title or section 
2752 of title 42 (or both); and (2) transfer 25 percent of the 
institution's allotment under section 2752 of title 42 to the 
institution's allotment under section 1070b-3 of this title. Funds 
transferred to an institution's allotment under another section may be 
used as a part of and for the same purposes as funds allotted under that 
section. The Secretary shall have no control over such transfer, except 
as specifically authorized, except for the collection and dissemination 
of information.

(Pub. L. 89-329, title IV, Sec. 488, as added Pub. L. 99-498, title IV, 
Sec. 407(a), Oct. 17, 1986, 100 Stat. 1490; amended Pub. L. 100-50, 
Sec. 15(14), June 3, 1987, 101 Stat. 357; Pub. L. 102-325, title IV, 
Sec. 492, July 23, 1992, 106 Stat. 630.)


                            Prior Provisions

    A prior section 1095, Pub. L. 89-329, title IV, Sec. 488, as added 
Pub. L. 96-374, title IV, Sec. 451(a), Oct. 3, 1980, 94 Stat. 1452, 
related to transfer of allotments, prior to the general revision of this 
part by Pub. L. 99-498.


                               Amendments

    1992--Pub. L. 102-325 inserted first two sentences and struck out 
former first sentence which read as follows: ``Up to 10 percent of the 
allotment of an eligible institution for a fiscal year under section 
1070b-3 of this title or 2752 of title 42, may be transferred to, and 
used for the purposes of, the institution's allotment under the other 
section within the discretion of such institution in order to offer an 
arrangement of types of aid, including institutional and State aid, 
which best fits the needs of each individual student.''
    1987--Pub. L. 100-50 substituted ``section 2752 of title 42'' for 
``section 2756 of title 42''.


                    Effective Date of 1992 Amendment

    Amendment by Pub. L. 102-325 to this section, relating to transfers 
of allotments, applicable with respect to funds provided for award years 
beginning on or after July 1, 1993, see section 498 of Pub. L. 102-325, 
set out as a note under section 1088 of this title.


                    Effective Date of 1987 Amendment

    Amendment by Pub. L. 100-50 effective as if enacted as part of the 
Higher Education Amendments of 1986, Pub. L. 99-498, see section 27 of 
Pub. L. 100-50, set out as a note under section 1001 of this title.

                  Section Referred to in Other Sections

    This section is referred to in title 42 section 2753.
