; and (2) to expand and enhance the course offerings, program quality, and overall functionality of the colleges, universities, and local educational agencies that educate the majority of Hispanic and Latino students. 532. Program authority, application, and eligibility (a) Program authority Subject to the availability of funds appropriated to carry out this part, the Secretary shall award grants, on a competitive basis, to Hispanic-serving institutions serving as grant recipient and fiscal agent for an eligible entity, to enable the eligible entity to carry out activities described under section 533 to improve and expand the capacity to develop innovative collaboration agreements between local educational agencies and institutions of higher education to better serve Hispanic and Latino students. (b) Eligible entity The term eligible entity means a partnership that— (1) shall include— (A) one or more Hispanic-serving institutions, one of which shall serve as the grant recipient and fiscal agent for the eligible entity; and (B) one or more local educational agencies with high enrollments of Hispanic or Latino students; and (2) may include— (A) one or more emerging Hispanic-serving institutions; (B) one or more local educational agencies with high enrollments of Hispanic or Latino students; and (C) one or more nonprofit or community-based organizations, or public or private nonprofit entities with a demonstrated record of success in implementing activities similar to the activities authorized under section 533. (c) Application An eligible entity that desires to receive a grant under this part shall— (1) designate a Hispanic-serving institution that is a member of the eligible entity to serve as the grant applicant, grant recipient, and fiscal agent for the eligible entity