20 U.S.C. § 1095 : US Code - Section 1095: Transfer of allotments

Search 20 U.S.C. § 1095 : US Code - Section 1095: Transfer of allotments

In order to offer an arrangement of types of aid, including
institutional and State aid which best fits the needs of each
individual student, an institution may (1) transfer a total of 25
percent of the institutions allotment under section 1087bb of this
title to the institution's allotment under section 1070b-3 of this
title or section 2752 of title 42 (or both); and (2) transfer 25
percent of the institution's allotment under section 2752 of title
42 to the institution's allotment under section 1070b-3 of this
title. Funds transferred to an institution's allotment under
another section may be used as a part of and for the same purposes
as funds allotted under that section. The Secretary shall have no
control over such transfer, except as specifically authorized,
except for the collection and dissemination of information.