Establishment; administration; funding.
Raising funds; allocation of matching funds.
Challenge grant money; accounting methods.
Universities entitled to match appropriated funds; basis for applying for unmatched funds.
University foundations to maintain and invest funds; limitation on total amount of grants received; annual report.
Establishment of endowed chair.
Selection process for individual to fill endowed chair; use of endowment proceeds.
Foundation to enter into agreement with university.
Provisions apply to future appropriations.