20 U.S.C. § 10004 — Uses of funds by institutions of higher education

FEDERAL · 20 U.S.C. · Chapter 80

Uses of funds by institutions of higher education

Current through Pub. L. 119-102

Title 20 — Education·Ch. 80 — STATE FISCAL STABILIZATION FUND

(a)In general A public institution of higher education that receives funds under this chapter shall use the funds for education and general expenditures, and in such a way as to mitigate the need to raise tuition and fees for in-State students, or for modernization, renovation, or repair of institution of higher education facilities that are primarily used for instruction, research, or student housing, including modernization, renovation, and repairs that are consistent with a recognized green building rating system.

(b)Prohibition An institution of higher education may not use funds received under this chapter to increase its endowment.

(c)Additional prohibition No funds awarded under this chapter may be used for—

(1)the maintenance of systems, equipment, or facilities;

(2)modernizat

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(a) In general
A public institution of higher education that receives funds under this chapter shall use the funds for education and general expenditures, and in such a way as to mitigate the need to raise tuition and fees for in-State students, or for modernization, renovation, or repair of institution of higher education facilities that are primarily used for instruction, research, or student housing, including modernization, renovation, and repairs that are consistent with a recognized green building rating system.
(b) Prohibition
An institution of higher education may not use funds received under this chapter to increase its endowment.
(c) Additional prohibition
No funds awarded under this chapter may be used for—
(1) the maintenance of systems, equipment, or facilities;
(2) modernization, renovation, or repair of stadiums or other facilities primarily used for athletic contests or exhibitions or other events for which admission is charged to the general public; or
(3) modernization, renovation, or repair of facilities—
(A) used for sectarian instruction or religious worship; or
(B) in which a substantial portion of the functions of the facilities are subsumed in a religious mission.

20 U.S.C. § 10004 (Uses of funds by institutions of higher education) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 111–5, div. A, title XIV, §14004, Feb. 17, 2009, 123 Stat. 281.)