Sec. 204. investments

109 words·~1 min read·/statute-compilations/comps-10451/sec-204

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## Sec. 204 investments **[**[20 U.S.C. 130aa–2](/us/usc/t20/s130aa–2)**]** ###

(a)The University shall invest its endowment fund corpus and endowment fund income in those low-risk instruments and securities in which a regulated insurance company may invest under the law of the District of Columbia, such as federally insured bank savings account or comparable interest bearing account, certificate of deposit, money market fund, mutual fund, or obligations of the United States. ###

(b)The University, in investing its endowment fund corpus and income, shall exercise the judgment and care, under circumstances then prevailing, which a person of prudence, discretion, and intelligence would exercise in the management of his own business affairs.

Connections1 off-index

1 reference not yet in our index

20 USC 130aa–2

Citation graph

cites case law

Sec. 204

investments

Cite20 USC 130aa–2

Cites 1Cited by 0 across 0 sources