34 C.F.R. § 628.10

Current through November 30, 2024

Section 628.10 - What are the characteristics of an endowment challenge grant?

Each endowment challenge grant awarded by the Secretary under this part-

(a) Must be matched by the institution receiving the grant with one dollar of non-Federal funds for every two dollars of Federal grant funds;

(b) Must be invested by the institution; and

(c) Must have a duration of 20 years.

34 C.F.R. §628.10

58 FR 11163, Feb. 23, 1993

Authority: 20 U.S.C. 1065