2001 Session

Budget Amendments - SB800 (Committee Approved)

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NSU Endowment Challenge Program

Item 197 #4s

Item 197 #4s

First Year - FY2001 Second Year - FY2002
Education: Higher Education
Norfolk State University FY2001 $0 FY2002 $200,000 GF

Page 200, line 39, strike "$65,593,348" and insert "$65,793,348".

(This amendment provides matching funds for the Title III Grant/Endowment Challenge Program. The federal funding matches endowments raised by eligible higher education institutions that serve a significant percentage of low-income and minority students. An institution may not use more than 20 percent of grant funds to establish or increase an endowment fund.)