 
      CHAPTER 28--HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
 
                  SUBCHAPTER V--DEVELOPING INSTITUTIONS
 
                  Part A--Hispanic-Serving Institutions
 
Sec. 1101c. Duration of grant


(a) Award period

                           (1) In general

        The Secretary may award a grant to a Hispanic-serving 
    institution under this subchapter for 5 years.

                         (2) Waitout period

        A Hispanic-serving institution shall not be eligible to secure a 
    subsequent 5-year grant award under this subchapter until 2 years 
    have elapsed since the expiration of the institution's most recent 
    5-year grant award under this subchapter, except that for the 
    purpose of this subsection a grant under section 1103c(a) of this 
    title shall not be considered a grant under this subchapter.

(b) Planning grants

    Notwithstanding subsection (a) of this section, the Secretary may 
award a grant to a Hispanic-serving institution under this subchapter 
for a period of 1 year for the purpose of preparation of plans and 
applications for a grant under this subchapter.

(Pub. L. 89-329, title V, Sec. 504, as added Pub. L. 105-244, title V, 
Sec. 501, Oct. 7, 1998, 112 Stat. 1769.)


                            Prior Provisions

    A prior section 504 of Pub. L. 89-329 was classified to section 
1102c of this title prior to the general amendment of this subchapter by 
Pub. L. 105-244.
    Another prior section 504 of Pub. L. 89-329 was classified to 
section 1091c of this title prior to repeal by Pub. L. 94-482.

                  Section Referred to in Other Sections

    This section is referred to in section 1101b of this title.
