; or (v) any combination of the entities described in clauses (i) through (iv). (2) Minority serving institution The term minority serving institution means an institution of higher education described in paragraph (1), (2), (3), (4), (5), (6), or (7) of section 371(a). 753. Grants authorized (a) In general Except as provided in subsection (b)(2), with the funds made available for this part under section 757, the Secretary shall make planning and implementation grants, as described in subsections (b) and (c), to eligible entities to enable such entities to plan for the implementation of, in the case of a planning grant, and implement, in the case of an implementation grant, innovations described in section 751 and to support the planning, development, implementation, validation, scaling up, and replication of such innovations. (b) Planning grants (1) In general Except as provided in paragraph (2), with the funds made available under section 757 for a fiscal year, the Secretary shall use not more than 5 percent or $42,500,000 (whichever is greater) to award planning grants to enable eligible entities to plan, design, and develop innovations described in section 751. (2) Type of institution Planning grants shall be awarded to minority-serving institutions in proportion to the allocations made in subparagraphs (A) through (G) of section 757(1). (3) Order of consideration Subject to paragraph (2) and the priority described in section 755(a), planning grants shall be awarded to eligible entities satisfying the application requirements under section 754 in the order in which received by the Secretary. (4) Duration A planning grant authorized under this subsection shall be for the duration of 1 year. (5) Grant amounts Each planning grant authorized under this subsection shall be in an amount that is not more than $150,000. (c) Implementation grants (1) In general With funds made available for this part under section 757, the Secretary shall award implementation grants on a competitive basis to enable eligible entities