FEDERAL · 20 U.S.C. · Chapter SUBCHAPTER II—ENDOWMENT
§130aa–2. Investments
20 U.S.C. § §130aa–2. Investments
Title20 — Education
ChapterSUBCHAPTER II—ENDOWMENT
This text of 20 U.S.C. § §130aa–2. Investments (§130aa–2. Investments) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
20 U.S.C. § §130aa–2. Investments.
Text
(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.
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History
(Pub. L. 98–480, title II, §204, Oct. 17, 1984, 98 Stat. 2246.)
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20 U.S.C. § §130aa–2. Investments, Counsel Stack Legal Research, https://law.counselstack.com/usc/20/§130aa–2. Investments.