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Title 20 — EducationRelease 119-73not60

§130aa Definitions

Title 20 › Chapter 8— HOWARD UNIVERSITY › Subchapter II— ENDOWMENT › § 130aa

Last updated Apr 5, 2026|Official source

Summary

Defines key terms used in this subchapter. Endowment fund — a Howard University fund or tax‑exempt foundation that produces income and does not include real estate. Endowment fund corpus — the grants in this subchapter plus an equal amount from the University. Endowment fund income — fund value minus the corpus. Secretary — Secretary of Education. University — Howard University (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 5, 2026

Release point: 119-73not60