# § 2510. The tribally controlled grant school endowment program
**(a)** **In general**
**(1)** **Establishment** Each school receiving a grant under this chapter may establish, at a federally insured financial institution, a trust fund for the purposes of this section.
**(2)** **Deposits and use** The school may provide—
**(A)** for deposit into the trust fund, only funds from non-Federal sources, except that the interest on funds received from grants provided under this chapter may be used for that purpose;
**(B)** for deposit into the trust fund, any earnings on funds deposited in the fund; and
**(C)** for the sole use of the school any noncash, in-kind contributions of real or personal property, which may at any time be used, sold, or otherwise disposed of.
**1** **Interest** [^1]
Interest from the fund established under subsection (a) may periodically be withdrawn and used, at the discretion of the school, to defray any expenses associated with the operation of the school consistent with the purposes of this Act.
See References in Text note below.
---
**Source Credit**: (Pub. L. 100–297, title V, § 5211, as added Pub. L. 107–110, title X, § 1043, Jan. 8, 2002, 115 Stat. 2078.)
## Editorial Notes
### References in Text
This Act, referred to in subsec. (b), is and probably should be “this part”, meaning part B of title V of , known as the Tribally Controlled Schools Act of 1988, which is classified generally to this chapter. For complete classification of part B to the Code, see Short Title note set out under and Tables.
### Prior Provisions
A prior section 2510, , , , related to regulations, prior to repeal by , , . See .
## Statutory Notes and Related Subsidiaries
### Effective Date
Section effective , except with respect to certain noncompetitive programs and competitive programs, see , set out as a note under , Education.