; and (B) includes developmental education that meets the requirements of subparagraph (A). (7) Tribal college or university The term Tribal College or University has the meaning given that term in section 316(b). (k) Authorization of appropriations There are authorized to be appropriated to carry out this section $162,500,000 for fiscal year 2021 and each of the 5 succeeding fiscal years. . 4615. Competency-based education (a) In general Part G of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1088 et seq.), as amended by the preceding sections, is further amended by inserting after section 486B (as added by section 4613 of this Act) the following: 486C. Competency-based education demonstration projects (a) Demonstration projects authorized The Secretary shall select, in accordance with subsection (d), eligible entities to voluntarily carry out competency-based education demonstration projects for a duration of 5 years and receive waivers or other flexibility described in subsection (e) to carry out such projects. (b) Application (1) In general Each eligible entity desiring to carry out a demonstration project under this section shall submit an application to the Secretary, at such time and in such manner as the Secretary may require. (2) Outreach (A) In general The Secretary shall, prior to any deadline to submit applications under paragraph (1), conduct outreach to institutions, including those described in subparagraph (B), to provide those institutions with information on the opportunity to apply to carry out a demonstration project under this section. (B) Institutions The institutions described in this subparagraph are the following: (i) Part B institutions (as defined in section 322). (ii) Hispanic-serving institutions (as defined in section 502). (iii) Tribal Colleges or Universities (as defined in section 316). (iv) Alaska Native-serving institutions (as defined in section 317(b)). (v) Native Hawaiian-serving institutions (as defined in section 317(b)). (vi) Predominantly Black Institutions (as