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Code · STATUTE-COMPILATIONS · American Rescue Plan Act of 2021 · Sec. 2003

Sec. 2003. HIGHER EDUCATION EMERGENCY RELIEF FUND

487 words·~2 min read·/statute-compilations/comps-16472/sec-2003

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## SEC. 2003 HIGHER EDUCATION EMERGENCY RELIEF FUND In addition to amounts otherwise available, there is appropriated to the Department of Education for fiscal year 2021, out of any money in the Treasury not otherwise appropriated, $39,584,570,000, to remain available through September 30, 2023, for making allocations to institutions of higher education in accordance with the same terms and conditions of section 314 of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (division M of Public Law 116-260), except that— ####
(1)subsection (a)(1) of such section 314 shall be applied by substituting “91 percent” for “89 percent”; ####
(2)subsection (a)(2) of such section 314 shall be applied— #####
(A)in the matter preceding subparagraph (A), by substituting “under the heading ‘Higher Education’ in the Department of Education Appropriations Act, 2020” for “in the Further Consolidated Appropriations Act, 2020 (Public Law 116-94)”; and #####
(B)in subparagraph (B), by substituting “under the heading ‘Higher Education’ in the Department of Education Appropriations Act, 2020” for “in the Further Consolidated Appropriations Act, 2020 (Public Law 116-94)”; ####
(3)an institution that receives an allocation apportioned in accordance with clause
(iii)of subsection (a)(2)(A) of such section 314 that has a total endowment size of less than $1,000,000 (including an institution that does not have an endowment) shall be treated by the Secretary as having a total endowment size of $1,000,000 for the purposes of such clause (iii); ####
(4)subsection (a)(4) of such section 314 shall be applied by substituting “1 percent” for “3 percent”; ####
(5)except as provided in paragraphs
(7)and
(9)of subsection
(d)of such section 314, an institution shall use a portion of funds received under this section to— #####
(A)implement evidence-based practices to monitor and suppress coronavirus in accordance with public health guidelines; and #####
(B)conduct direct outreach to financial aid applicants about the opportunity to receive a financial aid adjustment due to the recent unemployment of a family member or independent student, or other circumstances, described in section 479A of the Higher Education Act of 1965 (20 U.S.C. 1087tt); ####
(6)the following shall not apply to funds provided or received in accordance with this section— #####
(A)subsection
(b)of such section 314; #####
(B)paragraph
(2)of subsection
(c)of such section 314; #####
(C)paragraphs (1), (2), (4), (5), (6), and
(8)of subsection
(d)of such section 314; #####
(D)subsections
(e)and
(f)of such section 314; and #####
(E)section 316 of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (division M of Public Law 116-260); and ####
(7)an institution that receives an allocation under this section apportioned in accordance with subparagraphs
(A)through
(D)of subsection (a)(1) of such section 314 shall use not less than 50 percent of such allocation to provide emergency financial aid grants to students in accordance with subsection (c)(3) of such section 314.
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