§ 628.10. What are the characteristics of an endowment challenge grant?
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/us/cfr/t34/s§ 628.10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. (Authority: 20 U.S.C. 1065) \[58 FR 11163, Feb. 23, 1993\]
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§ 628.10
What are the characteristics of an endowment challenge grant?
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