§325 State to Replace Funds Misapplied, Etc.; Restrictions on Use of Funds; Reports by Colleges

Summary

If any money given to a State or Territory to support its colleges, including institutions for colored students, is lost, reduced, or used the wrong way, the State or Territory must put the money back. Until it is replaced, no new federal payments will be sent to that State or Territory. None of the money may be used, directly or indirectly, to buy, build, keep up, or repair any building. The president of each college must send a yearly report to the Secretary of Agriculture about the college’s condition and progress. The report must give statistics on income and spending, the library, numbers of students and teachers, and any improvements or experiments done by attached experiment stations, including their costs and results, plus other useful industrial and economic data. One copy must be mailed free to each other college that got endowment under this law.