Postsecondary education state block grant program

(a) In general The Secretary of the Treasury shall carry out a program under which the Secretary makes allocations to States to support postsecondary education. (b) Allocations to states The allocations made by the Secretary of Treasury to each State under this section for a fiscal year shall be in an amount that bears the same relationship to the amount appropriated to carry out this section for the fiscal year as the number of students who were enrolled in postsecondary educational institutions in the State for the previous fiscal year bears to the number of such students in all States for the previous fiscal year. (c) Block grant conditions As a condition of receiving a block grant under this section, a State shall provide the Secretary of Treasury with an assurance that the State will carry out each of the following: (1) Submitting student data to the Secretary of Treasury, annually, as requested by the Secretary of Treasury and as necessary for executing the program under this section. (2) Completing of annual audits that conform to generally accepted accounting principles, auditing procedures, and safeguarding of funds that conform to chapter 75 of title 31, United States Code (commonly known as the Single Audit Act of 1984) and submitting the results of such audits to the Secretary of Treasury. (3) Complying with all applicable Federal civil rights laws, including those described in section 4. (d) Misused or misappropriated funds If the Secretary of Treasury finds that any funds under this section have been misused or misappropriated by the State, the Secretary of the Treasury— (1) may require repayment of the misused funds and withhold Federal funds under this section for the next fiscal year; or (2) may reach a voluntary resolution agreement with that State. (e) Definitions In this section— (1) the term State means each of the 50 States, the District of Columbia, the Commonwealth of Puerto Rico, and each of the outlying areas; and (2) the term outlying area means American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the United States Virgin Islands, the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau. (f) Authorization of appropriations There are authorized to be appropriated to carry out this section such sums as may be necessary.