Federal endowment programs for Gallaudet University and the National Technical Institute for the Deaf

The Secretary may permit the University or NTID to withdraw or expend a portion of its Federal endowment fund corpus or more than 50 percent of the income generated from its Federal endowment fund from the prior fiscal year if the institution involved demonstrates, to the Secretary’s satisfaction, that such withdrawal or expenditure is necessary because of— The corpus associated with a Federal payment (and its non-Federal match) made to the Federal endowment fund of the University or NTID shall not be subject to the investment limitations of subsection (c)(1) after 10 fiscal years following the fiscal year in which the funds are matched, and the income generated from such corpus after the tenth fiscal year described in this subsection shall not be subject to such investment limitations or to the withdrawal and expenditure limitations of subsection (d)(3). After notice and an opportunity for a hearing, the Secretary is authorized to recover any Federal payments under this section if the University or NTID— As used in this section: The provisions of this section shall take effect as if included in this chapter as enacted on August 4, 1986.