§ 116-41.14. Distinguished Professors Endowment Trust Fund; establishment; maintenance. - North Carolina Statutes

§ 116‑41.14. Distinguished Professors Endowment Trust Fund; establishment; maintenance.

There is established a Distinguished Professors Endowment Trust Fund tobe maintained by the Board to provide challenge grants to the constituentinstitutions. All appropriated funds deposited into the trust fund shall beinvested pursuant to G.S. 116‑36. Interest income accruing to thatportion of the trust fund not matched shall increase the total funds availablefor challenge grants. (1985, c. 757, s. 202.)