[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR628.10]



[Page 274]

 

                           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]