[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4515 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4515

To 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 10, 2023

   Mr. 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 Workforce

_______________________________________________________________________

                                 A BILL


 
To 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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)).
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