25 USC 2510 - The tribally controlled grant school endowment program

U.S Code last checked for updates: Nov 22, 2024

§ 2510.

The tribally controlled grant school endowment program

(a)

In general

(1)

Establishment

(2)

Deposits and use

The school may provide—

(A)

for deposit into the trust fund, only funds from non-Federal sources, except that the interest on funds received from grants provided under this chapter may be used for that purpose;

(B)

for deposit into the trust fund, any earnings on funds deposited in the fund; and

(C)

for the sole use of the school any noncash, in-kind contributions of real or personal property, which may at any time be used, sold, or otherwise disposed of.

(b)

Interest

(Pub. L. 100–297, title V, § 5211, as added Pub. L. 107–110, title X, § 1043, Jan. 8, 2002, 115 Stat. 2078.)

cite as: 25 USC 2510