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2018 US Code
Title 20 - Education
Chapter 8 - Howard University
Subchapter II - Endowment
Sec. 130aa-2 - Investments
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| 20 U.S.C. § 130aa-2 (2018) |
| §130aa–2. Investments |
|
(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. |
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(Pub. L. 98–480, title II, §204, Oct. 17, 1984, 98 Stat. 2246.) |
| United States Code, 2018 Edition, Title 20 - EDUCATION |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 20 - EDUCATION CHAPTER 8 - HOWARD UNIVERSITY SUBCHAPTER II - ENDOWMENT Sec. 130aa-2 - Investments |
| section 130aa-2 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 98 Stat. 2246 |
| Public Law 98-480 |
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