In any fiscal year, an institution of higher education that meets the eligibility requirements under sections 311, 316, and 317 of the HEA may -

1. (a) Submit an application for a development grant authorized under sections 311, 316, and 317 of the HEA; and

2. (b) Be part of a cooperative arrangement application.

   (Authority: 20 U.S.C. 1057, 1069)

[59 FR 41924, Aug. 15, 1994, as amended at 64 FR 70155, Dec. 15, 1999]