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20 U.S.C. § 4414

General powers of Board

United States · Title 20 — EDUCATION · Status: effective

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20 U.S.C. § 4414, General powers of Board, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/453125
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Full text

In carrying out the provisions of this chapter, the Board shall have the power, consistent with the provisions of this chapter— Any funds received by, or under the control of, the Institute that are not Federal funds shall be accounted for separately from Federal funds. Interest and earnings on amounts received by the Institute pursuant to section 4451 of this title invested under subsection (a)(12) 22 See References in Text note below. shall be the property of the Institute and shall be expended to carry out this chapter. The Board shall be held to a reasonable and prudent standard of care, given such information and circumstances as existed when the decision is made, in decisions involving investment of funds under subsection (a)(12).2

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 99-498(S. 1965)1986-10-17
    Higher Education Amendments of 1986
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 100-297(H.R. 5)1988-04-28
    Augustus F. Hawkins-Robert T. Stafford Elementary and Secondary School Improvement Amendments of 1988
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 101-644(H.R. 2006)1990-11-29
    Indian Arts and Crafts Act of 1990
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 102-325(S. 1150)1992-07-23
    Higher Education Amendments of 1992
    House: 419–7Senate: 93–1
  • Amended byPub. L. 103-208(S. 1507)1993-12-20
    Higher Education Technical Amendments of 1993
    House: no recorded tallySenate: no recorded tally