Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter116. Higher Education. |
Article1. The University of North Carolina |
Part4. Revenue Bonds for Service and Auxiliary Facilities |
§116-41.14. Distinguished Professors Endowment Trust Fund; establishment; maintenance
Latest version.
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There is established a Distinguished Professors Endowment Trust Fund to be maintained by the Board to provide challenge grants to the constituent institutions. All appropriated funds deposited into the trust fund shall be invested pursuant to G.S. 116-36. Interest income accruing to that portion of the trust fund not matched shall increase the total funds available for challenge grants.
(1985, c. 757, s. 202.)