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| Subpart B | What Type of Grant Does the Secretary Award Under the Endowment Challenge Grant Program? | 628.10 | |||
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20 U.S.C. 1065, unless otherwise noted.
49 FR 28521, July 21, 1984, unless otherwise noted.
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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]