[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR628.10]

[Page 272]
 
                           TITLE 34--EDUCATION
 
             CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION,
                         DEPARTMENT OF EDUCATION
 
PART 628--ENDOWMENT CHALLENGE GRANT PROGRAM--Table of Contents
 
    Subpart B--What Type of Grant Does the Secretary Award Under the 
                   Endowment Challenge Grant Program?
 
Sec. 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]