; and (2) to expand the postbaccalaureate academic offerings and enhance the program quality in the institutions of higher education that are educating large numbers of Asian American and Native American Pacific Islander students and helping low-income students complete postsecondary degrees. 727. Grant program established (a) In general Subject to the availability of funds appropriated to carry out this subpart, the Secretary shall award grants, on a competitive basis, to eligible institutions to enable the eligible institutions to carry out the activities described in section 729. (b) Award of grant funds Of the funds appropriated to carry out this subpart for a fiscal year, the Secretary— (1) shall reserve— (A) not less than one-third of such funds to award grants to carry out the activities described in section 729(b); and (B) not less than one-third of such funds to award grants to carry out the activities described in section 729(c)