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► 20 U.S.C. § 130aa1 20 u.s.c. · howard university · title 20
20 U.S.C. § 130aa1
Program authorized
Title 20 USC
● ACTIVE
Ch. 8
Jurisdiction Federal — United States
Chapter HOWARD UNIVERSITY
Primary Source uscode.house.gov ↗
Federation ID OM-USC20-SEC-877D10
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 20 - EDUCATION 20 U.S.C. United States Code, 2023 Edition Title 20 - EDUCATION CHAPTER 8 - HOWARD UNIVERSITY SUBCHAPTER II - ENDOWMENT Sec. 130aa-1 - Program authorized From the U.S. Government Publishing Office, www.gpo.gov

§130aa–1. Program authorized

(a) The Secretary is authorized to establish an endowment program, in accordance with the provisions of this subchapter, for the purpose of establishing or increasing endowment funds, providing additional incentives to promote fundraising activities, and encouraging independence and self-sufficiency at the University. (b)(1) From the funds appropriated pursuant to this subchapter for endowments in any fiscal year for the University, the Secretary is authorized to make grants to Howard University. The Secretary may enter into agreements with the University and include in any agreement made pursuant to this subchapter such provisions deemed necessary by the Secretary to assure that the purposes of this subchapter will be achieved. (2) The University may receive a grant under this section only if it has deposited in the endowment fund established under this subchapter an amount equal to such grant and has adequately assured the Secretary that it will administer the endowment fund in accordance with the requirements of this subchapter. The source of funds for this institutional match shall not include Federal funds or funds derived from an existing endowment fund. (3) The period of any grant under this section shall not exceed twenty years, and during such period the University shall not withdraw or expend any of its endowment fund corpus. Upon the expiration of any grant period, the University may use the endowment fund corpus plus any endowment fund income for any educational purpose.

(Pub. L. 98–480, title II, §203, Oct. 17, 1984, 98 Stat. 2245.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 20 U.S.C. § 130aa1 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 20 U.S.C. § 130aa 20 U.S.C. § 130aa2 →
Chapter 8 — HOWARD UNIVERSITY
20 U.S.C. § 12120 U.S.C. § 12220 U.S.C. § 12320 U.S.C. § 12420 U.S.C. § 12520 U.S.C. § 12620 U.S.C. § 12720 U.S.C. § 12820 U.S.C. § 12920 U.S.C. § 13020 U.S.C. § 130a20 U.S.C. § 130aa20 U.S.C. § 130aa120 U.S.C. § 130aa220 U.S.C. § 130aa320 U.S.C. § 130aa420 U.S.C. § 130aa5
20 U.S.C. — public domain ← All Legislation
OakMorel Law
20 U.S.C.
Citation
20 U.S.C. § 130aa1
Status
● ACTIVE
Chapter
8 — HOWARD UNIVERSITY
Title
Education
Jurisdiction
Federal
Federation ID
OM-USC20-SEC-877D10
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v1.0
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Education — 20 U.S.C. § 130aa1