; (5) in section 316— (A) in subsection (c)— (i) in paragraph (2)— (I) by striking subparagraph (A) and inserting the following: (A) the activities described in paragraphs (1) through (12) and (14) through (17) of section 311(b); ; (II) by striking subparagraphs (E) through (J); (III) by redesignating subparagraphs (K) and (L) as subparagraphs (E) and (F), respectively; (IV) by striking subparagraph (M); (V) by redesignating subparagraph (N) as subparagraph (G); and (VI) in subparagraph (G) (as so redesignated), by striking (M) and inserting (F) ; and (ii) by striking paragraph (3) and inserting the following: (3) Endowment fund A Tribal College or University seeking to establish or increase an endowment fund shall abide by the requirements in section 311(c). ; and (B) in subsection (d)— (i) by striking paragraph (2) and inserting the following: (2) Application A Tribal College or University desiring to receive assistance under this section shall submit an application to the Secretary pursuant to section 391. ; and (ii) in paragraph (4)— (I) in subparagraph (A), by striking part A of ; and (II) in subparagraph (B), by striking 313(d) and inserting 312(b)(3) ; (6) in section 317— (A) in subsection (c)— (i) by striking paragraph (2) and inserting the following: (2) Examples of authorized activities Such programs may include— (A) the activities described in paragraphs (1) through (17) of section 311(b); and (B) other activities proposed in the application submitted pursuant to subsection (d) that— (i) contribute to carrying out the purpose of this section; and (ii) are approved by the Secretary as part of the review and approval of an application submitted under subsection (d). ; and (ii) by adding at the end the following: (3) Endowment fund An Alaska Native-serving institution and Native Hawaiian-serving institution seeking to establish or increase an endowment fund shall abide by the requirements in section 311(c).