Title 20 — EducationRelease 119-73
§130aa–2 Investments
Title 20 › Chapter CHAPTER 8— - HOWARD UNIVERSITY › Subchapter SUBCHAPTER II— - ENDOWMENT › § 130aa–2
Summary
University must invest the endowment and its earnings only in low‑risk investments that regulated insurance companies may hold under D.C. law, and must use the good judgment a sensible person would use managing their own business.
Full Legal Text
Title 20, §130aa–2
Education — Source: USLM XML via OLRC
(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.
Reference
Citations & Metadata
Citation
20 U.S.C. § 130aa–2
Title 20 — Education
Last Updated
Apr 6, 2026
Release point: 119-73