(2) ENDOWMENT
FUND
CORPUS.—The term
‘‘endowment fund corpus’’ means an amount equal
to the grant or grants awarded under this title plus
an amount equal to the matching funds required
under section 202(d).
(3) ENDOWMENT
FUND
INCOME.—The term
‘‘endowment fund income’’ means an amount equal
to the total value of the endowment fund minus the
endowment fund corpus.
(4) INSTITUTE.—The term ‘‘Institute’’ means
the Paul Simon Public Policy Institute described in
section 202.
(5) SECRETARY.—The term ‘‘Secretary’’ means
the Secretary of Education.
(6) 
UNIVERSITY.—The 
term 
‘‘University’’
means Southern Illinois University at Carbondale,
Illinois.
SEC. 202. PROGRAM AUTHORIZED.
(a) GRANTS.—From the funds appropriated under
section 206, the Secretary is authorized to award a grant
to Southern Illinois University for the establishment of an
endowment fund to support the Paul Simon Public Policy
Institute. The Secretary may enter into agreements with
the University and include in any agreement made pursu-
ant to this title such provisions as are determined nec-
essary by the Secretary to carry out this title.
(b) DUTIES.—In order to receive a grant under this
title, the University shall establish the Institute. The Insti-
tute, in addition to recognizing more than 40 years of pub-
lic service to Illinois, to the Nation, and to the world, shall
engage in research, analysis, debate, and policy rec-
ommendations affecting world hunger, mass media, for-
eign policy, education, and employment.
(c) DEPOSIT INTO ENDOWMENT FUND.—The Uni-
versity shall deposit the proceeds of any grant received
under this section into the endowment fund.
(d) MATCHING FUNDS REQUIREMENT.—The Univer-
sity may receive a grant under this section only if the Uni-
versity has deposited in the endowment fund established
under this title an amount equal to one-third of such grant
and has provided adequate assurances to the Secretary
that the University will administer the endowment fund
in accordance with the requirements of this title. The
source of the funds for the University match shall be de-
rived from State, private foundation, corporate, or individ-
ual gifts or bequests, but may not include Federal funds
or funds derived from any other federally supported fund.
(e) DURATION; CORPUS RULE.—The period of any
grant awarded under this section shall not exceed 20
years, and during such period the University shall not
withdraw or expend any of the endowment fund corpus.
Upon expiration of the grant period, the University may
use the endowment fund corpus, plus any endowment fund
income for any educational purpose of the University.
SEC. 203. INVESTMENTS.
(a) IN GENERAL.—The University shall invest the
endowment fund corpus and endowment fund income in
those low-risk instruments and securities in which a regu-
lated insurance company may invest under the laws of the
State of Illinois, such as federally insured bank savings
accounts or comparable interest bearing accounts, certifi-
cates of deposit, money market funds, or obligations of
the United States.
(b) JUDGMENT AND CARE.—The University, in in-
vesting the endowment fund corpus and endowment fund
income, shall exercise the judgment and care, under cir-
cumstances then prevailing, which a person of prudence,
discretion, and intelligence would exercise in the manage-
ment of the person’s own business affairs.
SEC. 204. WITHDRAWALS AND EXPENDITURES.
(a) IN GENERAL.—The University may withdraw and
expend the endowment fund income to defray any ex-
penses necessary to the operation of the Institute, includ-
ing expenses of operations and maintenance, administra-
tion, academic and support personnel, construction and
renovation, community and student services programs,
technical assistance, and research. No endowment fund in-
come or endowment fund corpus may be used for any type
of support of the executive officers of the University or
for any commercial enterprise or endeavor. Except as pro-
vided in subsection (b), the University shall not, in the
aggregate, withdraw or expend more than 50 percent of
the total aggregate endowment fund income earned prior
to the time of withdrawal or expenditure.
(b) SPECIAL RULE.—The Secretary is authorized to
permit the University to withdraw or expend more than
50 percent of the total aggregate endowment fund income
whenever the University demonstrates such withdrawal or
expenditure is necessary because of—
(1) a financial emergency, such as a pending in-
solvency or temporary liquidity problem;
(2) a life-threatening situation occasioned by a
natural disaster or arson; or
(3) another unusual occurrence or exigent cir-
cumstance.
(c) REPAYMENT.—
(1) INCOME.—If the University withdraws or
expends more than the endowment fund income au-
thorized by this section, the University shall repay
the Secretary an amount equal to one-third of the
amount improperly expended (representing the Fed-
eral share thereof).
(2) CORPUS.—Except as provided in section
202(e)—
(A) the University shall not withdraw or
expend any endowment fund corpus; and
(B) if the University withdraws or expends
any endowment fund corpus, the University
shall repay the Secretary an amount equal to
one-third of the amount withdrawn or expended
(representing the Federal share thereof) plus
any endowment fund income earned thereon.
SEC. 205. ENFORCEMENT.
(a) IN GENERAL.—After notice and an opportunity
for a hearing, the Secretary is authorized to terminate a
grant and recover any grant funds awarded under this sec-
tion if the University—
(1) withdraws or expends any endowment fund
corpus, or any endowment fund income in excess of
the amount authorized by section 204, except as
provided in section 202(e);
(2) fails to invest the endowment fund corpus
or endowment fund income in accordance with the
investment requirements described in section 203; or
(1) BOARD.—The term ‘‘Board’’ means the
Board of Advisors established under section 304.
(2) ENDOWMENT
FUND.—The term ‘‘endow-
ment fund’’ means a fund established by the Univer-
sity of Tennessee in Knoxville, Tennessee, for the
purpose of generating income for the support of the
School.
(3) SCHOOL.—The term ‘‘School’’ means the
Howard Baker School of Government established
under this title.
(4) SECRETARY.—The term ‘‘Secretary’’ means
the Secretary of Education.
(5) 
UNIVERSITY.—The 
term 
‘‘University’’
means the University of Tennessee in Knoxville,
Tennessee.
SEC. 302. HOWARD BAKER SCHOOL OF GOVERNMENT.
From the funds authorized to be appropriated under
section 306, the Secretary is authorized to award a grant
to the University for the establishment of an endowment
fund to support the Howard Baker School of Government
at the University of Tennessee in Knoxville, Tennessee.
SEC. 303. DUTIES.
In order to receive a grant under this title, the Uni-
versity shall establish the School. The School shall have
the following duties:
(1) To establish a professorship to improve
teaching and research related to, enhance the cur-
riculum of, and further the knowledge and under-
standing of, the study of democratic institutions, in-
cluding aspects of regional planning, public adminis-
tration, and public policy.
(2) To establish a lecture series to increase the
knowledge and awareness of the major public issues
of the day in order to enhance informed citizen par-
ticipation in public affairs.
(3) To establish a fellowship program for stu-
dents of government, planning, public administra-
tion, or public policy who have demonstrated a com-
mitment and an interest in pursuing a career in
public affairs.
(4) To provide appropriate library materials
and appropriate research and instructional equip-
ment for use in carrying out academic and public
service programs, and to enhance the existing
United States Presidential and public official manu-
script collections.
(5) To support the professional development of
elected officials at all levels of government.
SEC. 304. ADMINISTRATION.
(a) BOARD OF ADVISORS.—
(1) IN
GENERAL.—The School shall operate
with the advice and guidance of a Board of Advisors
consisting of 13 individuals appointed by the Vice
Chancellor for Academic Affairs of the University.
(2) APPOINTMENTS.—Of the individuals ap-
pointed under paragraph (1)—
(A) 5 shall represent the University;
(B) 2 shall represent Howard Baker, his
family, or a designee thereof;
(C) 5 shall be representative of business or
government; and
(D) 1 shall be the Governor of Tennessee,
or the Governor’s designee.
(3) EX
OFFICIO
MEMBERS.—The Vice Chan-
cellor for Academic Affairs and the Dean of the Col-
lege of Arts and Sciences at the University shall
serve as an ex officio member of the Board.
(b) CHAIRPERSON.—
(1) IN
GENERAL.—The Chancellor, with the
concurrence of the Vice Chancellor for Academic Af-
fairs, of the University shall designate 1 of the indi-
viduals first appointed to the Board under sub-
section (a) as the Chairperson of the Board. The in-
dividual so designated shall serve as Chairperson for
1 year.
(2) REQUIREMENTS.—Upon the expiration of
the term of the Chairperson of the individual des-
ignated as Chairperson under paragraph (1) or the
term of the Chairperson elected under this para-
graph, the members of the Board shall elect a Chair-
person of the Board from among the members of the
Board.
SEC. 305. ENDOWMENT FUND.
(a) MANAGEMENT.—The endowment fund shall be
managed in accordance with the standard endowment poli-
cies established by the University of Tennessee System.
(b) USE OF INTEREST AND INVESTMENT INCOME.—
Interest and other investment income earned (on or after
the date of enactment of this subsection) from the endow-
ment fund may be used to carry out the duties of the
School under section 303.
(c) DISTRIBUTION OF INTEREST AND INVESTMENT
INCOME.—Funds realized from interest and other invest-
ment income earned (on or after the date of enactment
of this subsection) shall be available for expenditure by
the University for purposes consistent with section 303,
as recommended by the Board. The Board shall encourage
programs to establish partnerships, to leverage private
funds, and to match expenditures from the endowment
fund.
SEC. 306. AUTHORIZATION OF APPROPRIATIONS.
There is authorized to be appropriated to carry out
this title $10,000,000 for fiscal year 2000.
TITLE IV—JOHN GLENN INSTI-
TUTE FOR PUBLIC SERVICE
AND PUBLIC POLICY
SEC. 401. DEFINITIONS.
In this title:
(1) ENDOWMENT
FUND.—The term ‘‘endow-
ment fund’’ means a fund established by the Univer-
sity for the purpose of generating income for the
support of the Institute.
(2) ENDOWMENT
FUND
CORPUS.—The term
‘‘endowment fund corpus’’ means an amount equal
to the grant or grants awarded under this title plus
an amount equal to the matching funds required
under section 402(d).
(3) ENDOWMENT
FUND
INCOME.—The term
‘‘endowment fund income’’ means an amount equal
to the total value of the endowment fund minus the
endowment fund corpus.
(4) INSTITUTE.—The term ‘‘Institute’’ means
the John Glenn Institute for Public Service and
Public Policy described in section 402.
(5) SECRETARY.—The term ‘‘Secretary’’ means
the Secretary of Education.
(6) 
UNIVERSITY.—The 
term 
‘‘University’’
means the Ohio State University at Columbus, Ohio.
SEC. 402. PROGRAM AUTHORIZED.
(a) GRANTS.—From the funds appropriated under
section 406, the Secretary is authorized to award a grant
to the Ohio State University for the establishment of an
endowment fund to support the John Glenn Institute for
Public Service and Public Policy. The Secretary may enter
into agreements with the University and include in any
agreement made pursuant to this title such provisions as
are determined necessary by the Secretary to carry out
this title.
(b) PURPOSES.—The Institute shall have the follow-
ing purposes:
(1) To sponsor classes, internships, community
service activities, and research projects to stimulate
student participation in public service, in order to
foster America’s next generation of leaders.
(2) To conduct scholarly research in conjunc-
tion with public officials on significant issues facing
society and to share the results of such research
with decisionmakers and legislators as the decision-
makers and legislators address such issues.
(3) To offer opportunities to attend seminars
on such topics as budgeting and finance, ethics, per-
sonnel management, policy evaluations, and regu-
latory issues that are designed to assist public offi-
cials in learning more about the political process and
to expand the organizational skills and policy-mak-
ing abilities of such officials.
(4) To educate the general public by sponsoring
national conferences, seminars, publications, and fo-
rums on important public issues.
(5) To provide access to Senator John Glenn’s
extensive collection of papers, policy decisions, and
memorabilia, enabling scholars at all levels to study
the Senator’s work.
(c) DEPOSIT INTO ENDOWMENT FUND.—The Uni-
versity shall deposit the proceeds of any grant received
under this section into the endowment fund.
(d) MATCHING FUNDS REQUIREMENT.—The Univer-
sity may receive a grant under this section only if the Uni-
versity has deposited in the endowment fund established
under this title an amount equal to one-third of such grant
and has provided adequate assurances to the Secretary
that the University will administer the endowment fund
in accordance with the requirements of this title. The
source of the funds for the University match shall be de-
rived from State, private foundation, corporate, or individ-
ual gifts or bequests, but may not include Federal funds
or funds derived from any other federally supported fund.
(e) DURATION; CORPUS RULE.—The period of any
grant awarded under this section shall not exceed 20
years, and during such period the University shall not
withdraw or expend any of the endowment fund corpus.
Upon expiration of the grant period, the University may
use the endowment fund corpus, plus any endowment fund
income for any educational purpose of the University.
SEC. 403. INVESTMENTS.
(a) IN GENERAL.—The University shall invest the
endowment fund corpus and endowment fund income in
accordance with the University’s investment policy ap-
proved by the Ohio State University Board of Trustees.
(b) JUDGMENT AND CARE.—The University, in in-
vesting the endowment fund corpus and endowment fund
income, shall exercise the judgment and care, under cir-
cumstances then prevailing, which a person of prudence,
discretion, and intelligence would exercise in the manage-
ment of the person’s own business affairs.
SEC. 404. WITHDRAWALS AND EXPENDITURES.
(a) IN GENERAL.—The University may withdraw and
expend the endowment fund income to defray any ex-
penses necessary to the operation of the Institute, includ-
ing expenses of operations and maintenance, administra-
tion, academic and support personnel, construction and
renovation, community and student services programs,
technical assistance, and research. No endowment fund in-
come or endowment fund corpus may be used for any type
of support of the executive officers of the University or
for any commercial enterprise or endeavor. Except as pro-
vided in subsection (b), the University shall not, in the
aggregate, withdraw or expend more than 50 percent of
the total aggregate endowment fund income earned prior
to the time of withdrawal or expenditure.
(b) SPECIAL RULE.—The Secretary is authorized to
permit the University to withdraw or expend more than
50 percent of the total aggregate endowment fund income
whenever the University demonstrates such withdrawal or
expenditure is necessary because of—
(1) a financial emergency, such as a pending in-
solvency or temporary liquidity problem;
(2) a life-threatening situation occasioned by a
natural disaster or arson; or
(3) another unusual occurrence or exigent cir-
cumstance.
(c) REPAYMENT.—
(1) INCOME.—If the University withdraws or
expends more than the endowment fund income au-
thorized by this section, the University shall repay
the Secretary an amount equal to one-third of the
amount improperly expended (representing the Fed-
eral share thereof).
(2) CORPUS.—Except as provided in section
402(e)—
(A) the University shall not withdraw or
expend any endowment fund corpus; and
(B) if the University withdraws or expends
any endowment fund corpus, the University
shall repay the Secretary an amount equal to
one-third of the amount withdrawn or expended
(representing the Federal share thereof) plus
any endowment fund income earned thereon.
SEC. 405. ENFORCEMENT.
(a) IN GENERAL.—After notice and an opportunity
for a hearing, the Secretary is authorized to terminate a
grant and recover any grant funds awarded under this sec-
tion if the University—
(1) withdraws or expends any endowment fund
corpus, or any endowment fund income in excess of
the amount authorized by section 404, except as
provided in section 402(e);
(2) fails to invest the endowment fund corpus
or endowment fund income in accordance with the
investment requirements described in section 403; or
(3) fails to account properly to the Secretary,
or the General Accounting Office if properly des-
ignated by the Secretary to conduct an audit of
funds made available under this title, pursuant to
such rules and regulations as may be prescribed by
the Comptroller General of the United States, con-
cerning investments and expenditures of the endow-
ment fund corpus or endowment fund income.
(b) TERMINATION.—If the Secretary terminates a
grant under subsection (a), the University shall return to
the Treasury of the United States an amount equal to the
sum of the original grant or grants under this title, plus
any endowment fund income earned thereon. The Sec-
retary may direct the University to take such other appro-
priate measures to remedy any violation of this title and
to protect the financial interest of the United States.
SEC. 406. AUTHORIZATION OF APPROPRIATIONS.
There is authorized to be appropriated to carry out
this title $6,000,000 for fiscal year 2000. Funds appro-
priated under this section shall remain available until ex-
pended.
Æ