; 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). ; and (B) in subsection (d)— (i) by striking paragraph (1) and redesignating paragraphs (2) and (3) as paragraphs (1) and (2), respectively; (ii) in paragraph (1) (as so redesignated)— (I) in the first sentence, by inserting pursuant to section 391 after to the Secretary ; and (II) by striking the remaining sentences; and (iii) in paragraph (2) (as so redesignated)— (I) in subparagraph (A), by striking this part or part B. and inserting this part, part B, or title V. ; and (II) by striking subparagraph (B) and redesignating subparagraph (C) as subparagraph (B); (7) in section 318— (A) in subsection (b)— (i) in paragraph (1)— (I) in subparagraph (E), by striking and at the end; (II) in subparagraph (F)(ii), by striking part A of ; (III) in subparagraph (F)(iii), by striking the period at the end and inserting ; and ; and (IV) by adding at the end the following; (G) is an eligible institution under section 312(b). ; and (ii) by striking paragraph (7); (B) in subsection (d)— (i) in paragraph (2)— (I) in subparagraph (A), by striking through (12) and inserting through (17) of section 311(b) ; (II) by striking subparagraph (D); and (III) by redesignating subparagraph (E) as subparagraph (D); and (ii) by striking paragraph (3) and inserting the following: (3) Endowment fund A Predominantly Black Institution seeking to establish or increase an endowment fund shall abide by the requirements in section 311(c). ; (C) in subsection (f), by striking all after Secretary the first place such term appears and inserting pursuant to section 391. ; (D) by striking subsections (g) and (h); (E) by redesignating subsection (i) as subsection (g); and (F) in subsection (g) (as so redesignated), by striking part A of