Title 20 — Education
Part G · Chapter 28 — Higher Education Resources and Student Assistance
§ 1095. Transfer of allotments
Statutory text
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 1 allotment under section 1087bb of this title to the institution’s allotment under section 1070b–3 or 1087–52 of this title (or both); (2) transfer 25 percent of the institution’s allotment under section 1087–52 of this title to the institution’s allotment under section 1070b–3 or 1087bb of this title (or both); and (3) transfer 25 percent of the institution’s allotment under section 1070b–3 of this title to the institution’s allotment under section 1087–52 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.
Footnotes
- 1 So in original. Probably should be “institution’s”.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Higher Education Act of 1965
Pub. L. 89–329 title IV § 488 · 79 Stat. 1219
Enacted · 20 U.S.C. § 1095
Pub. L. 89–329, title IV, § 488, as added Pub. L. 99–498, title IV, § 407(a), Oct. 17, 1986, 100 Stat. 1490
Source evidence
Code source credit
Pub. L. 89–329, title IV, § 488, as added Pub. L. 99–498, title IV, § 407(a), Oct. 17, 1986, 100 Stat. 1490Higher Education Technical Amendments Act of 1987
Pub. L. 100–50 § 15(14) · 101 Stat. 335
Substituted · 20 U.S.C. § 1095
Pub. L. 100–50 substituted “or 1087–52” for “or 1087–56”
Source evidence
Code amendment note
Pub. L. 100–50 substituted “or 1087–52” for “or 1087–56”.Enacted provision · exact public law section
(14) in section 488, by striking out “or 446” and inserting “or 20 USC 1095. 442”;Higher Education Amendments of 1992
Pub. L. 102–325 title IV § 492 · 106 Stat. 448
Inserted · 20 U.S.C. § 1095
Pub. L. 102–325 inserted first two sentences
Struck · 20 U.S.C. § 1095
Pub. L. 102–325 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 or 1087–52 of this title, 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.”
Source evidence
Code amendment note
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 or 1087–52 of this title, 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.”Effective date note
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.Higher Education Opportunity Act
Pub. L. 110–315 title IV § 494A · 122 Stat. 3078
Struck · 20 U.S.C. § 1095
Pub. L. 110–315 struck out “and” after semicolon in par. (1)
Substituted · 20 U.S.C. § 1095
Pub. L. 110–315 substituted “section 1070b–3 or 1087bb of this title (or both); and” for “section 1070b–3 of this title.” in par. (2)
Added · 20 U.S.C. § 1095
Pub. L. 110–315 added par. (3)
Source evidence
Code amendment note
Pub. L. 110–315 struck out “and” after semicolon in par. (1), substituted “section 1070b–3 or 1087bb of this title (or both); and” for “section 1070b–3 of this title.” in par. (2), and added par. (3).Enacted provision · exact public law section
SEC. 494A. TRANSFER OF ALLOTMENTS. Section 488 (20 U.S.C. 1095) is amended in the first sentence— (1) in paragraph (1), by striking “and” after the semicolon; (2) in paragraph (2), by striking “413D.” and inserting “413D or 462 (or both); and”; and (3) by adding at the end “(3) transfer 25 percent of the institution’s allotment under section 413D to the institution’s allotment under section 442.”.
4 of 7 references resolved to an enrolled provision · 3 partial
Editorial Notes
Prior Provisions
A prior section 1095, Pub. L. 89–329, title IV, § 488, as added Pub. L. 96–374, title IV, § 451(a), , 94 Stat. 1452, related to transfer of allotments, prior to the general revision of this part by Pub. L. 99–498.
Amendments1987–2008 · 3 rounds
2008
Pub. L. 110–315 struck out “and” after semicolon in par. (1), substituted “section 1070b–3 or 1087bb of this title (or both); and” for “section 1070b–3 of this title.” in par. (2), and added par. (3).
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 or 1087–52 of this title, 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 “or 1087–52” for “or 1087–56”.
Statutory Notes and Related Subsidiaries
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 , 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.
Credits
1986–2008 · 4 acts
- 1986Pub. L. 89–329, title IV, § 488, as added Pub. L. 99–498, title IV, § 407(a), , 100 Stat. 1490
- 1987amended Pub. L. 100–50, § 15(14), , 101 Stat. 357
- 1992Pub. L. 102–325, title IV, § 492, , 106 Stat. 630
- 2008Pub. L. 110–315, title IV, § 494A, , 122 Stat. 3319.
Show as published
(Pub. L. 89–329, title IV, § 488, as added Pub. L. 99–498, title IV, § 407(a), , 100 Stat. 1490; amended Pub. L. 100–50, § 15(14), , 101 Stat. 357; Pub. L. 102–325, title IV, § 492, , 106 Stat. 630; Pub. L. 110–315, title IV, § 494A, , 122 Stat. 3319.)