North Carolina § 116-41.14 Establishment of the Fund; maintenance

North Carolina Statutes

§ 116-41.14 — Establishment of the Fund; maintenance

North Carolina § 116-41.14

Ch. 116Higher Education

Art. 1The University of North Carolina

This text of North Carolina § 116-41.14 (Establishment of the Fund; maintenance) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 116-41.14 (2026).

Text

There is established a Distinguished Professors Endowment Trust Fund to be maintained by the Board to provide challenge grants to the constituent institutions. All appropriated funds deposited into the trust fund shall be invested pursuant to G.S. 116-36. Interest income accruing to that portion of the trust fund not matched shall increase the total funds available for challenge grants. (1985, c. 757, s. 202; 2023-134, s. 8.18(a).)

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There is established a Distinguished Professors Endowment Trust Fund to be maintained by the Board to provide challenge grants to the constituent institutions. All appropriated funds deposited into the trust fund shall be invested pursuant to G.S. 116-36. Interest income accruing to that portion of the trust fund not matched shall increase the total funds available for challenge grants. (1985, c. 757, s. 202; 2023-134, s. 8.18(a).)