1. Regulations
  2. title 34
  3. chapter VI
  4. part 628
  5. subpart B
  6. § 628.10

View all text of Subpart B [§ 628.10 - § 628.10]

§ 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.

(Authority: 20 U.S.C. 1065) [58 FR 11163, Feb. 23, 1993]

AUTHORITY: 20 U.S.C. 1065, unless otherwise noted.

SOURCE: 49 FR 28521, July 21, 1984, unless otherwise noted.

CITE AS: 34 CFR 628.10