ERIC Number: ED235726
Record Type: RIE
Publication Date: 1983-Apr-28
Reference Count: 0
Challenge Grant Amendments of 1983. Report to Accompany H.R. 2144. House of Representatives, Committee on Education and Labor, Ninety-Eighth Congress, First Session.
Congress of the U.S., Washington, DC. House Committee on Education and Labor.
A report on a bill to establish an endowment program for developing institutions is presented. The bill, the Challenge Grant Amendments of 1983, would amend the Higher Education Act of 1965, Title III, Part C, in order to: (1) encourage the development of endowment funds by developing institutions, (2) provide additional incentives to promote institutional fund-raising activities, and (3) foster increased independence and self-sufficiency of the institutions. The endowment to any such institution in any fiscal year would not exceed $200,000 and would not be less than $50,000. Stipulations for the use of such grants, selection criteria, and the application for challenge grants are addressed, along with a Congressional Budget Office cost estimate, the legislative history of the bill, and a section-by-section analysis of the bill. It is suggested that providing matching federal funds is important to assuring the continuation of a viable pluralistic higher education system and that Title III institutions present an opportunity for federal involvement and demonstrated need. (SW)
Publication Type: Legal/Legislative/Regulatory Materials; Reports - Descriptive
Education Level: N/A
Authoring Institution: Congress of the U.S., Washington, DC. House Committee on Education and Labor.
Identifiers: Challenge Grants; Higher Education Act Title III; Proposed Legislation