In any fiscal year, an institution of higher education that meets the eligibility requirements under sections 311, 316, and 317 of the HEA may -
(a) Submit an application for a development grant authorized under sections 311, 316, and 317 of the HEA; and
(b) Be part of a cooperative arrangement application.
[59 FR 41924, Aug. 15, 1994, as amended at 64 FR 70155, Dec. 15, 1999; Redesignated at 85 FR 59981, Sept. 23, 2020]