Title 20, EducationRelease 119-73not60
§130aa–2 Investments
Title 20 › Chapter 8— HOWARD UNIVERSITY › Subchapter II— ENDOWMENT › § 130aa–2
Summary
Invest endowment funds only in low-risk investments that a regulated insurance company may hold under District of Columbia law — for example, insured savings, CDs, money‑market or mutual funds, or obligations of the United States. Use the careful, prudent 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 5, 2026
Release point: 119-73not60