General authorization; uses of funds
Endowment fund
In general
An institution may use not more than 20 percent of the grant funds provided under this part to establish or increase an endowment fund at the institution.
Matching requirement
In order to be eligible to use grant funds in accordance with paragraph (1), the eligible institution shall provide matching funds from non-Federal sources, in an amount equal to or greater than the Federal funds used in accordance with paragraph (1), for the establishment or increase of the endowment fund.
Comparability
The provisions of part C regarding the establishment or increase of an endowment fund, that the Secretary determines are not inconsistent with this subsection, shall apply to funds used under paragraph (1).
Limitations
Pub. L. 89–329, title III, § 323Pub. L. 99–498, title III, § 301(a)100 Stat. 1295Pub. L. 100–50, § 2(a)(7)101 Stat. 335Pub. L. 100–369, § 10(b)102 Stat. 838Pub. L. 102–325, title III, § 303(a)106 Stat. 474Pub. L. 103–208, § 2(a)(8)107 Stat. 2457Pub. L. 105–244, title III, § 304(a)112 Stat. 1642Pub. L. 110–315, title III, § 309122 Stat. 3177Pub. L. 111–39, title III, § 301(3)123 Stat. 1937(, as added , , ; amended , , ; , , ; , (b), , , 475; , , ; , , ; , , ; , , .)
Editorial Notes
Prior Provisions
Pub. L. 89–329, title III, § 323Pub. L. 96–374, title III, § 30194 Stat. 1395Pub. L. 99–498A prior section 1062, , as added , , , provided for duration of grants to institutions with special needs, prior to the general revision of this subchapter by .
Pub. L. 89–329, title IV, § 40279 Stat. 1232Pub. L. 90–575, title I, § 10282 Stat. 1017Pub. L. 92–318, title I, § 131(b)(1)86 Stat. 247Another prior section 1062, , , ; , , , related to determination of amount of grant and establishment of basic criteria or schedules, prior to the general revision of part A of subchapter IV of this chapter by , , .
Amendments
Pub. L. 111–392009—Subsec. (a). substituted “for any fiscal year,” for “in any fiscal year” in introductory provisions.
Pub. L. 110–315, § 309(1)2008—Subsec. (a). , substituted “section 1068h(a)(2)” for “section 1069f(a)(2)” in introductory provisions.
Pub. L. 110–315, § 309(2)Subsec. (a)(12) to (15). , (3), added pars. (12) to (14) and redesignated former par. (12) as (15).
Pub. L. 105–244, § 304(a)(1)1998—Subsecs. (b), (c). , (2), added subsec. (b) and redesignated former subsec. (b) as (c).
Pub. L. 105–244, § 304(a)(3)section 396(k) of title 47Subsec. (c)(3). , struck out par. (3) which read as follows: “The Secretary shall not award a grant under this part for telecommunications technology equipment, facilities or services, if such equipment, facilities or services are available pursuant to .”
Pub. L. 103–2081993—Subsec. (b)(3). realigned margin.
Pub. L. 102–325, § 303(a)(1)1992—Subsec. (a)(2). , inserted “, including purchase or rental of telecommunications technology equipment or services” after “facilities”.
Pub. L. 102–325, § 303(a)(2)Subsec. (a)(5). , inserted “, including telecommunications program materials” after “materials”.
Pub. L. 102–325, § 303(a)(3)Subsec. (a)(9) to (12). , added pars. (9) to (12).
Pub. L. 102–325, § 303(b)Subsec. (b)(3). , added par. (3).
Pub. L. 100–369, § 10(b)(1)1988—Subsec. (a)(3). , inserted “, and faculty development” after “exchanges”.
Pub. L. 100–369, § 10(b)(2)Subsec. (a)(7), (8). , added pars. (7) and (8).
Pub. L. 100–50section 1069f(a)(2) of this titlesection 1069d(a)(2) of this title1987—Subsec. (a). substituted “” for “”.
Statutory Notes and Related Subsidiaries
Effective Date of 2009 Amendment
Pub. L. 111–39Pub. L. 110–315section 3 of Pub. L. 111–39section 1001 of this titleAmendment by effective as if enacted on the date of enactment of (), see , set out as a note under .
Effective Date of 1998 Amendment
Pub. L. 105–244Pub. L. 105–244section 3 of Pub. L. 105–244section 1001 of this titleAmendment by effective , except as otherwise provided in , see , set out as a note under .
Effective Date of 1993 Amendment
Pub. L. 103–208Pub. L. 102–325section 5(a) of Pub. L. 103–208section 1051 of this titleAmendment by effective as if included in the Higher Education Amendments of 1992, , except as otherwise provided, see , set out as a note under .
Effective Date of 1992 Amendment
Pub. L. 102–325section 2 of Pub. L. 102–325section 1001 of this titleAmendment by effective , see , set out as a note under .
Effective Date of 1987 Amendment
Pub. L. 100–50Pub. L. 99–498section 27 of Pub. L. 100–50section 1001 of this titleAmendment by effective as if enacted as part of the Higher Education Amendments of 1986, , see , set out as a note under .