§ 130aa. Definitions
§ 130aa.
Definitions
For purposes of this subchapter—
(1)
the term “endowment fund” means a fund, or a tax exempt foundation, established and maintained by Howard University for the purpose of generating income for its support, but which shall not include real estate;
(2)
the term “endowment fund corpus” means an amount equal to the grants awarded under this subchapter plus an amount equal to such grants provided by Howard University;
(3)
the term “endowment fund income” means an amount equal to the total value of the endowment fund established under this subchapter minus the endowment fund corpus;
(4)
the term “Secretary” means the Secretary of Education; and
(5)
the term “University” means the Howard University established by the Act of March 2, 1867.