High Technology Morrill Act

High Technology Morrill Act - Establishes the Technology Education Trust Fund in the Treasury. Directs the Secretary of the Treasury to be the trustee of the Fund and to report to the Congress annually on the Fund's operation. Directs the Secretary to transfer from the Treasury's general fund to the Fund, for FY 1987 through 1991, three percent of the rents, royalties, and other sums paid to the United States under the Outer Continental Shelf Lands Act, the Mineral Leasing Act of 1920, and any other Federal statute authorizing payments for mineral resource development designated by the Secretary for the purpose of this Act. Limits the amount of such transfers to $250,000,000 in any one fiscal year. Provides that amounts in the Fund shall be available for making payments in accordance with this Act as provided in advance by appropriation Acts, and without fiscal year limitation on availability unless specifically enacted. Prohibits the Secretary from making transfers to the Fund after FY 1991. Directs the Secretary to pay into the Treasury's general fund any amounts remaining in the Fund after FY 1993.

Authorizes the Secretary of Education (the Secretary) to make grants to education institutions (including vocational schools), private for-profit business concerns, and State agencies making application jointly to pay the Federal share of the cost of technology education programs. Allows private nonprofit organizations and State agencies to submit applications jointly if the nonprofit private organization represents an educational institution and a for-profit business concern, or a group of such institutions and concerns.

Requires that such applications be consistent with State economic development and educational policies and with private sector priorities and educational institution needs. Requires the State and local public sources pay 30 percent, and for-profit businesses pay 20 percent, of total program costs. Sets forth other application requirements.

Allows grants made under this Act to be used for: (1) laboratory equipment and facilities in educational institutions; (2) improving science and mathematics education and computer literacy in elementary and secondary schools through teacher training, equipment improvement, and curricula development; (3) research/education centers for training new scientific, engineering, and technical employees while carrying out applied research or stimulating innovation, technology transfer, and the application of new technologies; (4) mathematics, science, and engineering faculty development through support for graduate students who enter teaching, faculty exchange with industry, teaching retraining, and other faculty retention programs; (5) lifelong learning and cooperative education activities for the scientific, engineering, and technical work force; (6) development of new educational methods and equipment such as computer-based educational aids and telecommunication instructional technologies; (7) expansion of technical training programs and initiation of programs at institutions of higher education (including postsecondary vocational education institutions) designed to retrain workers for jobs requiring more technical skills; (8) improving the access of women, minorities, and handicapped to technical, engineering, and scientific fields; and (9) cooperative programs between the humanities and the sciences.

Sets forth provisions for grant payments, distribution of funds, withholding, administration, and audit.

Authorizes the Secretary to establish advisory committees for purposes of this Act.

Directs the Secretary to consult with the Secretary of Defense to coordinate technical training programs supported by the Department of Defense and activities assisted under this Act. Authorizes the Secretary of Defense to transfer Department of Defense funds for technical training programs to the Secretary to carry out programs under this Act.

Directs the Secretary to consult with the Secretaries of Commerce, Labor, and Education and the heads of other appropriate Federal agencies in carrying out this Act.

Directs the Secretary to report annually to the Congress on activities assisted by this Act.