2013 US Code
Title 20 - Education
Chapter 8 - HOWARD UNIVERSITY (§§ 121 - 130aa-5)
Subchapter II - ENDOWMENT (§§ 130aa - 130aa-5)
Section 130aa-2 - Investments
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 20 - EDUCATION |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 20 - EDUCATION CHAPTER 8 - HOWARD UNIVERSITY SUBCHAPTER II - ENDOWMENT Sec. 130aa-2 - Investments |
| Contains | section 130aa-2 |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 98-480, title II, §204, Oct. 17, 1984, 98 Stat. 2246. |
| Statutes at Large Reference | 98 Stat. 2246 |
| Public Law Reference | Public Law 98-480 |
Download PDF
(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.
(Pub. L. 98–480, title II, §204, Oct. 17, 1984, 98 Stat. 2246.)
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
