Science and Technology Faculty Exchange and Institutional Development Act

Science and Technology Faculty Exchange and Institutional Development Act - Authorizes the National Science Foundation to carry out at eligible institutions: (1) a visiting faculty program for mathematicians, scientists, and engineers with experience in teaching and research in such fields; and (2) a faculty fellowship program for individuals who have demonstrated an interest in teaching and research in such fields and are prepared to return to the institution of higher education which sponsors the individual.

Defines "eligible institution" as any institution of higher education which: (1) demonstrates a commitment to meet the special educational needs of students who are members of a minority group or who are economically or educationally disadvantaged; and (2) either has an enrollment which includes a substantial percentage of such students or is located in a community beyond commuting distance of a major institution of higher education.

Authorizes appropriations for FY 1984 through 1988: (1) in specified amounts to carry out this Act; and (2) in amounts necessary for administrative expenses.

Sets forth provisions for selection of visiting faculty scholars, including individual eligibility and application requirements.

Sets forth provisions for the faculty fellowship program, including institutional application requirements.

Sets forth provisions for support of visiting scholars and fellows.

Sets forth administrative provisions. Requires the Director of the Foundation to report annually to the President and the Congress on activities assisted under this Act, with an analysis of programs and with recommendations.