Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
38 lines
1.7 KiB
Markdown
38 lines
1.7 KiB
Markdown
---
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type: "LegalText"
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title: "20 U.S.C. § 130aa–2"
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description: "Investments"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 20
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title_name: "EDUCATION"
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chapter_number: "8"
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chapter_name: "HOWARD UNIVERSITY"
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section: "130aa–2"
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citation: "20 U.S.C. § 130aa–2"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc20@119-100.zip"
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source_identifier: "/us/usc/t20/s130aa–2"
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source_file: "data/legal/raw/us/code/title-20/usc20.xml"
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source_hash: "955f2c558407afe12251b0412109a0a038cbab97eb4d2f0831e1cca8dcd0dcf8"
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raw_snapshot_hash: "6022872c5d6a3398d1728f82f8cefcb58db9f5ff548e2a636450be1e4a8bb052"
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text_hash: "3ac434d716896ca1d027b2812fdd949dc8d82e84b817dbc78365866849e0401f"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 20 U.S.C. § 130aa–2 - Investments
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## Text
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(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.
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(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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(Pub. L. 98–480, title II, § 204, Oct. 17, 1984, 98 Stat. 2246.)
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