section 1832(b)(2)(B) of this titlesection 1832(b)(2)(B) of this titlesection 1832(b)(2)(B) of this titleFor the purpose of complying with the contribution requirement of , a tribally controlled college or university may use funds which are available from any private or tribal source. Any real or personal property received by a tribally controlled college or university as a donation or gift on or after , may, to the extent of its fair market value as determined by the Secretary, be used by such college or university as its contribution pursuant to , or as part of such contribution, as the case may be. In any case in which any such real or personal property so used is thereafter sold or otherwise disposed of by such college or university, the proceeds therefrom shall be deposited pursuant to but shall not again be considered for Federal capital contribution purposes.
Pub. L. 95–471, title III, § 304Pub. L. 98–192, § 1397 Stat. 1342Pub. L. 101–477, § 1(d)(1)(C)104 Stat. 1153Pub. L. 105–244, title IX, § 901(b)(5)112 Stat. 1828(, as added , , ; amended , , ; , (7), , .)
Editorial Notes
Amendments
Pub. L. 105–2441998— substituted “controlled college or university” for “controlled community college” in two places and “such college or university” for “such college” in two places.
Pub. L. 101–477section 1832(b)(2)(B) of this titlesection 1832(b)(2)(B) of this title1990— inserted at end “Any real or personal property received by a tribally controlled community college as a donation or gift on or after , may, to the extent of its fair market value as determined by the Secretary, be used by such college as its contribution pursuant to , or as part of such contribution, as the case may be. In any case in which any such real or personal property so used is thereafter sold or otherwise disposed of by such college, the proceeds therefrom shall be deposited pursuant to but shall not again be considered for Federal capital contribution purposes.”
Statutory Notes and Related Subsidiaries
Effective Date of 1998 Amendment
Pub. L. 105–244Pub. L. 105–244section 3 of Pub. L. 105–244section 1001 of Title 20Amendment by effective , except as otherwise provided in , see , set out as a note under , Education.
Effective Date of 1990 Amendment
Pub. L. 101–477section 1(d)(2) of Pub. L. 101–477section 1832 of this titleAmendment by effective , see , set out as a note under .