# § 4505. Applications; payments to eligible institutions
**(a)** Any institution seeking funding under this chapter shall prepare and submit an application to the Secretary of State once each fiscal year. Each such application shall—
**(1)** provide a description of the purposes for which the payments will be used in accordance with section 4504 of this title; and
**(2)** provide such fiscal control and such accounting procedures as may be necessary (A) to ensure a proper accounting of Federal funds paid under this chapter, and (B) to ensure the verification of the costs of the continuing education and research programs conducted under this chapter.
**(b)** Payments under this chapter may be made in installments, in advance, or by way of reimbursement, with necessary adjustments on account of overpayments and underpayments.
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**Source Credit**: (Pub. L. 98–164, title VIII, § 806, Nov. 22, 1983, 97 Stat. 1050.)