Title 20 — EducationRelease 119-73
§130aa Definitions
Title 20 › Chapter CHAPTER 8— - HOWARD UNIVERSITY › Subchapter SUBCHAPTER II— - ENDOWMENT › § 130aa
Summary
Defines key words used in this part. Endowment fund: a fund or tax-free foundation set up by Howard University to make income for the school, not including real estate. Endowment fund corpus: the total that equals the grants given under this part plus an equal amount provided by Howard University. Endowment fund income: the fund’s total value minus that corpus. Secretary: the Secretary of Education. University: Howard University created by the Act of March 2, 1867.
Full Legal Text
Title 20, §130aa
Education — Source: USLM XML via OLRC
For purposes of this subchapter—
(1)the term “endowment fund” means a fund, or a tax exempt foundation, established and maintained by Howard University for the purpose of generating income for its support, but which shall not include real estate;
(2)the term “endowment fund corpus” means an amount equal to the grants awarded under this subchapter plus an amount equal to such grants provided by Howard University;
(3)the term “endowment fund income” means an amount equal to the total value of the endowment fund established under this subchapter minus the endowment fund corpus;
(4)the term “Secretary” means the Secretary of Education; and
(5)the term “University” means the Howard University established by the Act of March 2, 1867.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
Act of March 2, 1867, referred to in par. (5), is act Mar. 2, 1867, ch. 162, 14 Stat. 438. section 8 of this Act is classified to section 123 of this title. For complete classification of this Act to the Code, see Tables.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 98–480, title II, § 209, Oct. 17, 1984, 98 Stat. 2247, provided that: “This title [see
Short Title
note below] shall take effect on October 1, 1984.”
Short Title
Pub. L. 98–480, title II, § 201, Oct. 17, 1984, 98 Stat. 2245, provided that: “This title [enacting this subchapter, amending section 123 of this title, and enacting provisions set out as a note above] may be cited as the ‘Howard University Endowment Act’.”
Reference
Citations & Metadata
Citation
20 U.S.C. § 130aa
Title 20 — Education
Last Updated
Apr 6, 2026
Release point: 119-73