PRIME Act

HR 4515, the PRIME Act, provides competitive federal grants to qualifying colleges and universities to improve athletic facilities and equipment. It directly affects small-endowment institutions (with endowments under $900 million) that generate less than $20 million annually from athletic programs. Grants of at least $250,000 can be used to build or upgrade stadiums, gyms, fields, or purchase event-related materials like uniforms and equipment, following NCAA/NAIA guidelines. The bill targets schools with limited athletic revenue, aiming to support infrastructure without funding staff salaries or general operations.