[Federal Register Volume 60, Number 44 (Tuesday, March 7, 1995)]
[Notices]
[Page 12543]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5454]



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DEPARTMENT OF EDUCATION

[CFDA NO: 84.031A]


Strengthening Institutions Program; Notice Inviting Applications 
for New Awards for Fiscal Year 1995

    Purpose of Program: Provide grants to eligible institutions of 
higher education to improve their academic quality, institutional 
management, and fiscal stability so they can become self-sufficient.
    This grant program should be seen as an opportunity for applicants 
to support those elements of the National Education Goals that are 
relevant to their unique missions.
    Deadline for Transmittal of Applications: May 1, 1995.
    Deadline for Intergovernmental Review: June 30, 1995.
    Applications Available: Applications will be mailed by March 13, 
1995 to the office of the president of all institutions that were 
mailed applications to be designated as eligible to apply for a grant 
under the Strengthening Institutions Program.
    Available Funds: $12,000,000.
    Estimated Range of Awards: $300,000 to $350,000 per year for 
development grants only.
    Estimated Average Size of Awards: $325,000 per year for five-year 
development grants only.
    Estimated Number of Awards: 36 development grants only.
    Project Period: 60 months for development grants.

    Note: The Department is not bound by any estimates in this 
notice.

    Special Funding Considerations: In tie-breaking situations 
described in 34 CFR 607.23 of the Strengthening Institutions program 
regulations, 34 CFR 607.23, the Secretary awards additional points 
under Sec. 607.22 to an application from an institution which has an 
endowment fund for which the current market value, per full-time 
equivalent (FTE) student, is less than the average, per FTE student, at 
similar type institutions; and has expenditures for library materials, 
per FTE student, which are less than the average, per FTE student, at 
similar type institutions.
    For the purposes of these funding considerations, an applicant must 
be able to demonstrate that the current market value of its endowment 
fund, per FTE student, or expenditures for library materials, per FTE 
student, is less than the following national average for base year 
1992-93.

------------------------------------------------------------------------
                                                  Average      Average  
                                                   market      library  
                                                  value of  expenditures
                                                 endowment       for    
                                                 fund, per   materials, 
                                                    FTE        per FTE  
------------------------------------------------------------------------
Two-year public institutions...................     $1,222         $41  
Two-year nonprofit, private institutions.......     12,600         104  
Four-year public institutions..................      1,862         141  
Four-year nonprofit............................     32,164         239  
------------------------------------------------------------------------

    Applicable Regulations: (a) The Department of Education General 
Administrative Regulations (EDGAR) in 34 CFR Parts 74, 75, 77, 79, 82, 
85, and 86; and (b) the regulations for this program in 34 CFR Part 
607.

SUPPLEMENTARY INFORMATION: On August 15, 1994, the Secretary published 
a notice of final rulemaking for this program in the Federal Register 
(59 FR 41914).
    For Fiscal Years 1995 and 1996, the Department will conduct 
biennial grant award competitions under the Strengthening Institutions 
Program. Under a biennial grant award competition, an institution 
submits a grant application that may be considered for funding under 
two successive fiscal year grant award competitions. Applications are 
evaluated and ranked by field readers for the first competition. If the 
institution's application is not selected for funding under the first 
fiscal year's award competition, it will be considered for funding 
under the second fiscal year's award competition for new awards, based 
upon the score it received in the first competition. As part of the 
plan, the Secretary will not invite applications for new awards for the 
second fiscal year. Accordingly, if an institution wishes to apply for 
a new grant award under the Strengthening Institutions Program for 
Fiscal Year 1995 or Fiscal Year 1996, it must submit an application by 
the closing date of May 1, 1995. An applicant should identify the 
fiscal year (1995 and/or 1996) from which it seeks funding.
    No planning grants will be awarded under this competition.

FOR FURTHER INFORMATION CONTACT: Louis J. Venuto, U.S. Department of 
Education, 600 Independence Avenue, SW., Portals Building, Suite 600, 
Washington, DC 20202-5335. Telephone: (202) 708-8839. Individuals who 
use a telecommunications device for the deaf (TDD) may call the Federal 
Information Relay Service (FIRS) at 1-800-877-8339 between 8 a.m. and 8 
p.m., Eastern Time, Monday through Friday.
    Information about the Department's funding opportunities, including 
copies of application notices for discretionary grant competitions, can 
be viewed on the Department's electronic bulletin board (ED Board), 
telephone (202) 260-9950; or on the Internet Gopher Server at 
GOPHER.ED.GOV (under Announcements, Bulletins and Press releases). 
However, the official application notice for a discretionary grant 
competition is the notice published in the Federal Register.

    Program Authority: 20 U.S.C. 1057.

    Dated: March 1, 1995.
David A. Longanecker,
Assistant Secretary for Postsecondary Education.
[FR Doc. 95-5454 Filed 3-6-95; 8:45 am]
BILLING CODE 4000-01-P