Skip to main content

20 U.S.C. § 130aa-2 - U.S. Code - Unannotated Title 20. Education § 130aa-2. Investments

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

(a) The University shall invest its endowment fund corpus and endowment fund income in those low-risk instruments and securities in which a regulated insurance company may invest under the law of the District of Columbia, such as federally insured bank savings account or comparable interest bearing account, certificate of deposit, money market fund, mutual fund, or obligations of the United States.

(b) The University, in investing its endowment fund corpus and income, shall exercise the judgment and care, under circumstances then prevailing, which a person of prudence, discretion, and intelligence would exercise in the management of his own business affairs.

Cite this article: FindLaw.com - 20 U.S.C. § 130aa-2 - U.S. Code - Unannotated Title 20. Education § 130aa-2. Investments - last updated January 01, 2018 | https://codes.findlaw.com/us/title-20-education/20-usc-sect-130aa-2/


FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard