118 HR 4515 IH: Performance, Resources, Inclusion, Matters, for Equity Act U.S. House of Representatives 2023-07-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 4515IN THE HOUSE OF REPRESENTATIVESJuly 10, 2023Mr. Carter of Louisiana (for himself, Ms. Adams, Mr. Clyburn, Mr. Thompson of Mississippi, Ms. Jackson Lee, Ms. Clarke of New York, Mr. Johnson of Georgia, Ms. Sewell, Mr. Payne, Mrs. Watson Coleman, Mr. Evans, Mr. Davis of North Carolina, Mr. Ivey, and Mr. David Scott of Georgia) introduced the following bill; which was referred to the Committee on Education and the WorkforceA BILLTo direct the Secretary of Education to award grants to institutions of higher education with an endowment lower than $900,000,000 and an annual operating revenue for athletic programs that is less than $20,000,000 to strengthen existing sports and athletic facilities at such institutions, and for other purposes.

1.

Short title

This Act may be cited as the Performance, Resources, Inclusion, Matters, for Equity Act or the PRIME Act.

2.

Grant program authorized

(a)

In general

From the amounts appropriated to carry out this Act, the Secretary of Education shall award grants, on a competitive basis, to covered institutions to assist the institutions in developing, maintaining, or enhancing facilities, equipment, or infrastructure for any athletic program offered by the institutions. (b)

Minimum grant amount

The amount of any grant awarded under this Act shall be not less than $250,000. (c)

Application

To be eligible to receive a grant under this Act, a covered institution shall submit an application to the Secretary at such time, in such manner, and containing such information as the Secretary may require. (d)

Uses of funds

A covered institution receiving a grant under this Act may use such grant to— (1)develop, maintain, or enhance any facility, equipment, or infrastructure (including stadiums, gyms, or fields) for any athletic program offered by the institution; or (2)purchase and maintain materials, sporting equipment, and uniforms needed to conduct or produce a live sporting event in accordance with the most recent guidelines issued by the National Collegiate Athletic Association, the National Association of Intercollegiate Athletics, or the Central Intercollegiate Athletic Association. (e)

Definitions

In this Act: (1)

Annual operating revenue

The term annual operating revenue for athletic programs, when calculated with respect to a covered institution, means the total annual revenue for athletic programs offered by the covered institution, including those funds generated by the institution from ticket sales, student fees, and television receipts for such programs. (2)

Covered institution

The term covered institution means an institution of higher education— (A)with an endowment fund that is less than $900,000,000; and (B)that has an athletic program, and an annual operating revenue for athletic programs that is less than $20,000,000. (3)

Endowment fund

The term endowment fund has the meaning given the term in section 312 of the Higher Education Act of 1965 (20 U.S.C. 1058). (4)

Institution of higher education

The term institution of higher education has the meaning given the term in section 101 or 102(a)(1)(B) of the Higher Education Act of 1965 (20 U.S.C. 1001, 1002(a)(1)(B)).