Regulations last checked for updates: Oct 31, 2024

Title 34 - Education last revised: Sep 26, 2024
§ 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
source: 49 FR 28521, July 21, 1984, unless otherwise noted.
cite as: 34 CFR 628.10