Funds are to be used to establish endowments.
Interest earned on the invested funds may be used to defray expenditures associated with the operation of the College including maintenance, administration, academic and support costs, and community and student services programs. No part of the net earnings of the trust fund may be used to benefit any private person. Colleges chartered by Federally Recognized Indian Tribes which are governed by an Indian board of directors, are in operation more than one year, admit students with a certificate of graduation from a secondary institution or equivalent, provide certificates, associate, baccalaureate and graduate degrees. See Education Line Officers' addresses in your local telephone directory. Using interest earnings from the endowment, a distance learning program utilizing satellites was established in one college and social science laboratories were updated.