Sec. 112. Federal share; non-Federal share

419 words·~2 min read·/bill/116/s/686/is/section-112

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Subject to paragraph (2), the Federal share of a grant under this subtitle shall be based on a formula, determined by the Secretary, that— accounts for the State or Indian Tribe’s share of eligible students; and provides, for each eligible student in the State or Indian Tribe, a per-student amount that is— not less than 300 percent of the per-student amount of the State or Indian Tribe share, determined under subsection (b), subject to clause (ii); and not greater than 75 percent of— for the 2018–2019 award year, the average resident community college tuition and fees per student in all States for the most recent year for which data are available; and for each subsequent award year, the average resident community college tuition and fees per student in all States calculated under this subclause for the preceding year, increased by the lesser of— the percentage by which the average resident community college tuition and fees per student in all States for the most recent year for which data are available increased as compared to such average for the preceding year; or 3 percent.

In any case in which not less than 75 percent of the students at the community colleges operated or controlled by an Indian Tribe are low-income students, the amount of the Federal share for such Indian Tribe shall be not less than 95 percent of the total amount needed to waive tuition and fees for all eligible students enrolled in such community colleges. The State or Tribal share of a grant under this subtitle for each fiscal year shall be the amount needed to pay 25 percent of the average community college resident tuition and fees per student in all States in the 2018–2019 award year for all eligible students in the State or Indian Tribe, respectively, for such fiscal year, except as provided in subparagraph (B).

In a case in which not less than 5 percent of the students at the community colleges operated or controlled by an Indian Tribe are low-income students, the amount of such Indian Tribe’s tribal share shall not exceed 5 percent of the total amount needed to waive tuition and fees for all eligible students enrolled in such community colleges. A State or Indian Tribe may include any need-based financial aid provided through State or Tribal funds to eligible students as part of the State or Tribal share.

A State or Indian Tribe shall not include in-kind contributions for purposes of the State or Tribal share described in paragraph (1).