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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)
Cite this article: FindLaw.com - Code of Federal Regulations Title 34. Education § 34.628.10 What are the characteristics of an endowment challenge grant? - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-34-education/cfr-sect-34-628-10.html
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