Pub. L. 111-5, div. A, tit. XIV, sec. 14004

USES OF FUNDS BY INSTITUTIONS OF HIGHER EDUCATION.

EnactedYear: 2009Length: 184 wordsOfficial source
SEC. 14004. USES OF FUNDS BY INSTITUTIONS OF HIGHER EDUCATION.(a) In General.—A public institution of higher education that receives funds under this title 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 title to increase its endowment.(c) Additional Prohibition.—No funds awarded under this title 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—123 STAT. 282(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.
Pub. L. 111-5, div. A, tit. XIV, sec. 14004: USES OF FUNDS BY INSTITUTIONS OF HIGHER EDUCATION. | Justis AI