7 U.S.C. § 301 — Land grant aid of colleges

Page 366 TITLE 7—AGRICULTURE § 301 Sec. 327. Repealed. 328. Power to amend, repeal, etc., reserved. 329. Additional appropriation for agricultural col- leges. SUBCHAPTER III—RETIREMENT OF EMPLOYEES 331. Retirement of land-grant college employees. SUBCHAPTER IV—AGRICULTURAL EXTENSION WORK APPROPRIATION 341. Cooperative extension work by colleges. 342. Cooperative agricultural extension work; co- operation with Secretary of Agriculture. 343. Appropriations; distribution; allotment and apportionment; Secretary of Agriculture; matching funds; cooperative extension ac- tivities. 343a to 343g. Repealed or Transferred. 344. Ascertainment of entitlement of State to funds; time and manner of payment; State reporting requirements; plans of work. 345. Replacement of diminished, lost or mis- applied funds; restrictions on use; reports of colleges. 346, 347. Repealed. 347a. Disadvantaged agricultural areas. 348. Rules and regulations. 349. ‘‘State’’ defined. SUBCHAPTER I—COLLEGE-AID LAND APPROPRIATION § 301. Land grant aid of colleges There is granted to the several States, for the purposes hereinafter mentioned in this sub- chapter, an amount of public land, to be appor- tioned to each State a quantity equal to thirty thousand acres for each Senator and Represent- ative in Congress to which the States are respec- tively entitled by the apportionment under the census of 1860: Provided, That no mineral lands shall be selected or purchased under the provi- sions of said sections. (July 2, 1862, ch. 130, § 1, 12 Stat. 503.) Editorial Notes CODIFICATION Act July 2, 1862, with the exception of section 7, was not incorporated into the Revised Statutes, probably because the grants made thereby were regarded as exe- cuted, and the provisions incidental thereto as tem- porary. By act Mar. 3, 1883, ch. 102, 22 Stat. 484, how- ever, section 4 of the original act was amended to read as set out under section 304 of this title. Statutory Notes and Related Subsidiaries SHORT TITLE Act July 2, 1862, which is classified to this sub- chapter, is popularly known as the ‘‘Morrill Act’’ and also as the ‘‘First Morrill Act’’. EQUITY IN EDUCATIONAL LAND GRANT STATUS Pub. L. 107–171, title VII, § 7201(e), May 13, 2002, 116 Stat. 437, provided that: ‘‘Not later than 1 year after the date of enactment of this Act [May 13, 2002], the Secretary of Agriculture shall submit a report con- taining recommended criteria for designating addi- tional 1994 Institutions [see section 532 of Pub. L. 103–382, set out below] to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate.’’ Pub. L. 106–387, § 1(a) [title I], Oct. 28, 2000, 114 Stat. 1549, 1549A–7, provided in part: ‘‘That hereafter, any dis- tribution of the adjusted income from the Native Amer- ican Institutions Endowment Fund is authorized to be used for facility renovation, repair, construction, and maintenance, in addition to other authorized pur- poses.’’ Pub. L. 103–382, title V, part C, Oct. 20, 1994, 108 Stat. 4048, as amended by Pub. L. 104–127, title VIII, § 882, Apr. 4, 1996, 110 Stat. 1175; Pub. L. 105–185, title II, § 251, title III, § 301(g), June 23, 1998, 112 Stat. 557, 563; Pub. L. 105–332, § 3(d), Oct. 31, 1998, 112 Stat. 3126; Pub. L. 107–171, title VII, §§ 7126(f)–7128, 7201(a)–(d), May 13, 2002, 116 Stat. 435–437; Pub. L. 108–204, title I, § 128, Mar. 2, 2004, 118 Stat. 547; Pub. L. 108–447, div. A, title VII, § 777, Dec. 8, 2004, 118 Stat. 2849; Pub. L. 110–234, title VII, § 7402(a)–(e), May 22, 2008, 122 Stat. 1245, 1246; Pub. L. 110–246, § 4(a), title VII, § 7402(a)–(e), June 18, 2008, 122 Stat. 1664, 2007; Pub. L. 110–315, title IX, § 941(k)(2)(A), Aug. 14, 2008, 122 Stat. 3465; Pub. L. 113–79, title VII, § 7402(a)(1), (b)–(d), Feb. 7, 2014, 128 Stat. 893, 894; Pub. L. 115–334, title VII, §§ 7502(a)(1), (b)–(d), 7609(b), Dec. 20, 2018, 132 Stat. 4820, 4821, 4830, provided that: ‘‘SEC. 531. SHORT TITLE. ‘‘This part may be cited as the ‘Equity in Edu- cational Land-Grant Status Act of 1994’. ‘‘SEC. 532. DEFINITION OF 1994 INSTITUTION. ‘‘In this part, the term ‘1994 Institution’ means any of the following colleges: ‘‘(1) Aaniiih Nakoda College. ‘‘(2) Bay Mills Community College. ‘‘(3) Blackfeet Community College. ‘‘(4) Cankdeska Cikana Community College. ‘‘(5) Chief Dull Knife College. ‘‘(6) College of Menominee Nation. ‘‘(7) College of the Muscogee Nation. ‘‘(8) D–Q University. ‘‘(9) Dine College. ‘‘(10) Fond du Lac Tribal and Community College. ‘‘(11) Fort Peck Community College. ‘‘(12) Haskell Indian Nations University. ‘‘(13) Ilisagvik College. ‘‘(14) Institute of American Indian and Alaska Na- tive Culture and Arts Development. ‘‘(15) Keweenaw Bay Ojibwa Community College. ‘‘(16) Lac Courte Oreilles Ojibwa Community Col- lege. ‘‘(17) Leech Lake Tribal College. ‘‘(18) Little Big Horn College. ‘‘(19) Little Priest Tribal College. ‘‘(20) Navajo Technical University. ‘‘(21) Nebraska Indian Community College. ‘‘(22) Northwest Indian College. ‘‘(23) Nueta Hidatsa Sahnish College. ‘‘(24) Oglala Lakota College. ‘‘(25) Red Lake Nation College. ‘‘(26) Saginaw Chippewa Tribal College. ‘‘(27) Salish Kootenai College. ‘‘(28) Sinte Gleska University. ‘‘(29) Sisseton Wahpeton College. ‘‘(30) Sitting Bull College. ‘‘(31) Southwestern Indian Polytechnic Institute. ‘‘(32) Stone Child College. ‘‘(33) Tohono O’odham Community College. ‘‘(34) Turtle Mountain Community College. ‘‘(35) United Tribes Technical College. ‘‘(36) White Earth Tribal and Community College. ‘‘SEC. 533. LAND-GRANT STATUS FOR 1994 INSTITU- TIONS. ‘‘(a) IN GENERAL.— ‘‘(1) STATUS OF 1994 INSTITUTIONS.—Except as pro- vided in paragraph (2), 1994 Institutions shall be con- sidered land-grant colleges established for the benefit of agriculture and the mechanic arts in accordance with the provisions of the Act of July 2, 1862 (12 Stat. 503; 7 U.S.C. 301 et seq.) (commonly known as the First Morrill Act). ‘‘(2) 1994 INSTITUTIONS.—(A) 1994 Institutions shall not be considered as land-grant colleges that are eli- gible to receive funding under— Page 367 TITLE 7—AGRICULTURE § 301 ‘‘(i) the Act of March 2, 1887 (24 Stat. 440, chapter 314; 7 U.S.C. 361a et seq.); ‘‘(ii) the Smith-Lever Act (7 U.S.C. 341 et seq.), except as provided under— ‘‘(I) section 3(b)(3) of that Act (7 U.S.C. 343(b)(3)); or ‘‘(II) the third sentence of section 3(d) of that Act (7 U.S.C. 343(d)); or ‘‘(iii) the Act of August 30, 1890 (26 Stat. 417, chap- ter 841; 7 U.S.C. 321 et seq.) (commonly known as the Second Morrill Act). ‘‘(B) In lieu of receiving donations under the provi- sions of the Act of July 2, 1862 (12 Stat. 503; 7 U.S.C. 301 et seq.) (commonly known as the First Morrill Act), relating to the donations of public land or scrip for the endowment and maintenance of colleges for the benefit of agriculture and the mechanic arts, 1994 Institutions shall receive funding pursuant to the au- thorization under subsection (b). ‘‘(3) ACCREDITATION.—To receive funding under this section and sections 534, 535, and 536, a 1994 Institu- tion shall certify to the Secretary that the 1994 Insti- tution— ‘‘(A) is accredited by a nationally recognized ac- crediting agency or association determined by the Secretary, in consultation with the Secretary of Education, to be a reliable authority regarding the quality of training offered; or ‘‘(B) is making progress toward the accreditation, as determined by the nationally recognized accred- iting agency or association. ‘‘(b) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated such sums as are nec- essary to carry out this section for each of fiscal years 1996 through 2023. Amounts appropriated pursuant to this section shall be held and considered to have been granted to 1994 Institutions to establish an endowment pursuant to subsection (c). ‘‘(c) ENDOWMENT.— ‘‘(1) IN GENERAL.—In accordance with this sub- section, the Secretary of the Treasury shall establish a 1994 Institutions Endowment Fund (hereafter in this subsection referred to as the ‘endowment fund’). The Secretary may enter into such agreements as are necessary to carry out this subsection. ‘‘(2) DEPOSIT TO THE ENDOWMENT FUND.—The Sec- retary shall deposit in the endowment fund any— ‘‘(A) amounts made available by appropriations pursuant to subsection (b) (hereafter in this sub- section referred to as the ‘endowment fund corpus’); and ‘‘(B) interest earned on the endowment fund cor- pus. ‘‘(3) INVESTMENTS.—The Secretary shall invest the endowment fund corpus and income in interest-bear- ing obligations of the United States. ‘‘(4) WITHDRAWALS AND EXPENDITURES.—The Sec- retary may not make a withdrawal or expenditure from the endowment fund corpus. On the termination of each fiscal year, the Secretary shall withdraw the amount of the income from the endowment fund for the fiscal year, and after making adjustments for the cost of administering the endowment fund, distribute the adjusted income as follows: ‘‘(A) 60 percent of the adjusted income shall be distributed among the 1994 Institutions on a pro rata basis. The proportionate share of the adjusted income received by a 1994 Institution under this subparagraph shall be based on the Indian student count (as defined in section 2(a) of the Tribally Con- trolled Colleges and Universities Assistance Act of 1978 (25 U.S.C. 1801(a))). ‘‘(B) 40 percent of the adjusted income shall be distributed in equal shares to the 1994 Institutions. ‘‘(d) MEMORANDUM OF AGREEMENT.—Not later than January 6, 1997, the Secretary shall develop and imple- ment a formal memorandum of agreement with the 1994 Institutions to establish programs to ensure that trib- ally controlled colleges and Native American commu- nities equitably participate in Department of Agri- culture employment, programs, services, and resources. ‘‘SEC. 534. APPROPRIATIONS. ‘‘(a) AUTHORIZATION OF APPROPRIATIONS.— ‘‘(1) IN GENERAL.—For fiscal year 1996, and for each fiscal year thereafter, there are authorized to be ap- propriated to the Department of the Treasury an amount equal to— ‘‘(A) $100,000; multiplied by ‘‘(B) the number of 1994 Institutions. ‘‘(2) PAYMENTS.—For each fiscal year, the Secretary of the Treasury shall pay to the treasurer of each 1994 Institution an amount equal to— ‘‘(A) the total amount made available by appro- priations pursuant to paragraph (1); divided by ‘‘(B) the number of 1994 Institutions. ‘‘(3) USE OF FUNDS; REQUIREMENTS.— ‘‘(A) IN GENERAL.—Except as provided in subpara- graph (B), the amounts authorized to be appro- priated under this subsection shall be used in the same manner as is prescribed for colleges under the Act of August 30, 1890 (26 Stat. 417, chapter 841; 7 U.S.C. 321 et seq.) (commonly known as the Second Morrill Act), and, except as otherwise provided in this subsection, the requirements of such Act shall apply to 1994 Institutions. ‘‘(B) REDISTRIBUTION.—Funds that would be paid to a 1994 Institution under paragraph (2) shall be withheld from that 1994 Institution and redistrib- uted among the other 1994 Institutions if that 1994 Institution— ‘‘(i) declines to accept funds under paragraph (2); or ‘‘(ii) fails to meet the accreditation require- ments under section 533(a)(3). ‘‘(b) FUNDING.—[Amended section 343 of this title.] ‘‘SEC. 535. INSTITUTIONAL CAPACITY BUILDING GRANTS. ‘‘(a) DEFINITIONS.—As used in this section: ‘‘(1) FEDERAL SHARE.—The term ‘Federal share’ means, with respect to a grant awarded under sub- section (b), the share of the grant that is provided from Federal funds. ‘‘(2) NON-FEDERAL SHARE.—The term ‘non-Federal share’ means, with respect to a grant awarded under subsection (b), the matching funds paid with funds other than funds referred to in paragraph (1), as de- termined by the Secretary. ‘‘(3) SECRETARY.—The term ‘Secretary’ means the Secretary of Agriculture. ‘‘(b) IN GENERAL.— ‘‘(1) INSTITUTIONAL CAPACITY BUILDING GRANTS.—For each of fiscal years 1996 through 2023, the Secretary shall make two or more institutional capacity build- ing grants to assist 1994 Institutions with con- structing, acquiring, and remodeling buildings, lab- oratories, and other capital facilities (including fix- tures and equipment) necessary to conduct instruc- tional activities more effectively in agriculture and sciences. ‘‘(2) REQUIREMENTS FOR GRANTS.—The Secretary shall make grants under this section— ‘‘(A) on the basis of a competitive application process under which appropriate officials of 1994 In- stitutions may submit applications to the Sec- retary in such form and manner as the Secretary may prescribe; and ‘‘(B) in such manner as to ensure geographic di- versity with respect to the 1994 Institutions that are the subject of the grants. ‘‘(3) DEMONSTRATION OF NEED.—The Secretary shall require, as part of an application for a grant under this subsection, a demonstration of need. The Sec- retary may only award a grant under this subsection to an applicant that demonstrates a failure to obtain funding for a project after making a reasonable effort to otherwise obtain the funding. ‘‘(4) PAYMENT OF NON-FEDERAL SHARE.—A grant awarded under this subsection shall be made only if the recipient of the grant pays a non-Federal share in an amount specified by the Secretary. Page 368 TITLE 7—AGRICULTURE § 301 ‘‘(c) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated to the Department of Ag- riculture to carry out this section, such sums as are necessary for each of fiscal years 2002 through 2023. ‘‘SEC. 536. RESEARCH GRANTS. ‘‘(a) RESEARCH GRANTS AUTHORIZED.—The Secretary of Agriculture may make grants under this section, on the basis of a competitive application process (and in accordance with such regulations as the Secretary may promulgate), to a 1994 Institution to assist the Institu- tion to conduct agricultural research that addresses high priority concerns of tribal, national, or multistate significance. ‘‘(b) REQUIREMENTS.—Grant applications submitted under this section shall certify that the research to be conducted will be performed under a cooperative agree- ment with— ‘‘(1) the Agricultural Research Service of the De- partment of Agriculture; or ‘‘(2) at least 1— ‘‘(A) other land-grant college or university (exclu- sive of another 1994 Institution); ‘‘(B) non-land-grant college of agriculture (as de- fined in section 1404 of the National Agricultural Research, Extension, and Teaching Policy Act of 1977 (7 U.S.C. 3103)); or ‘‘(C) cooperating forestry school (as defined in that section). ‘‘(c) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated such sums as are nec- essary to carry out this section for each of fiscal years 1999 through 2023. Amounts appropriated shall remain available until expended.’’ [Pub. L. 115–334, title VII, § 7502(a)(2), Dec. 20, 2018, 132 Stat. 4820, provided that: ‘‘The amendment made by paragraph (1) [amending section 532 of Pub. L. 103–382, set out above] shall take effect on the date of the en- actment of this Act [Dec. 20, 2018].’’] [Pub. L. 113–79, title VII, § 7402(a)(2), Feb. 7, 2014, 128 Stat. 894, provided that: ‘‘The amendments made by paragraph (1) [amending section 532 of Pub. L. 103–382, set out above] shall take effect on October 1, 2014.’’] [Pub. L. 110–234, title VII, § 7402(f), May 22, 2008, 122 Stat. 1246, and Pub. L. 110–246, § 4(a), title VII, § 7402(f), June 18, 2008, 122 Stat. 1664, 2007, provided that: ‘‘The amendment made by subsection (a) [amending section 532 of Pub. L. 103–382, set out above] takes effect on Oc- tober 1, 2008.’’ [Pub. L. 110–234 and Pub. L. 110–246 enacted identical provisions. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246, set out as a note under section 8701 of this title.] LAND GRANT COLLEGES IN AMERICAN SAMOA, NORTH- ERN MARIANA ISLANDS, AND TRUST TERRITORY OF THE PACIFIC ISLANDS Pub. L. 96–374, title XIII, § 1361(c), (d), Oct. 3, 1980, 94 Stat. 1502, as amended by Pub. L. 99–396, § 9(c), Aug. 27, 1986, 100 Stat. 840, provided that: ‘‘(c) Any provision of any Act of Congress relating to the operation of or provision of assistance to a land grant college in the Virgin Islands or Guam shall apply to the land grant college in American Samoa, the Northern Mariana Islands, and the Trust Territory of the Pacific Islands (other than the Northern Mariana Islands) in the same manner and to the same extent. ‘‘(d) Nothing in this section [amending section 326a of this title and provisions set out as a note below] shall be construed to interfere with or affect any of the pro- visions of the April 17, 1900 Treaty of Cession of Tutuila and Aunu’u Islands or the July 16, 1904 Treaty of Ces- sion of the Manu’a Islands as ratified by the Act of Feb- ruary 20, 1929 (45 Stat. 1253) and the Act of May 22, 1929 (46 Stat. 4) [48 U.S.C. 1661].’’ [For termination of Trust Territory of the Pacific Is- lands, see note set out preceding section 1681 of Title 48, Territories and Insular Possessions.] COLLEGE OF THE VIRGIN ISLANDS, COMMUNITY COLLEGE OF AMERICAN SAMOA, COLLEGE OF MICRONESIA, NORTHERN MARIANAS COLLEGE, AND UNIVERSITY OF GUAM; LAND-GRANT STATUS; AUTHORIZATION OF AP- PROPRIATIONS Pub. L. 92–318, title V, § 506(a), (b), June 23, 1972, 86 Stat. 350, as amended by Pub. L. 96–374, title XIII, § 1361(a), Oct. 3, 1980, 94 Stat. 1501; Pub. L. 99–396, § 9(a), Aug. 27, 1986, 100 Stat. 840, as amended by Pub. L. 102–247, title III, § 305, Feb. 24, 1992, 106 Stat. 39, pro- vided that: ‘‘(a) The College of the Virgin Islands, the Commu- nity College of American Samoa, the College of Micronesia[,] the Northern Marianas College, and the University of Guam shall be considered land-grant col- leges established for the benefit or agriculture and me- chanic arts in accordance with the provisions of the Act of July 2, 1862, as amended (12 Stat. 503; 7 U.S.C. 301–305, 307, 308). ‘‘(b) In lieu of extending to the Virgin Islands, Guam, American Samoa, Micronesia, and the Northern Mar- iana Islands those provisions of the Act of July 2, 1862, as amended, relating to donations of public land or land scrip for the endowment and maintenance of colleges or the benefit of agriculture and the mechanic arts, there is authorized to be appropriated $3,000,000 to the Virgin Islands and $3,000,000 to Guam and an equal amount to American Samoa, Micronesia, and to the Northern Mariana Islands. Amounts appropriated pursuant to this section shall be held and considered to have been granted to the Virgin Islands, Guam, American Samoa, Micronesia, and the Northern Mariana Islands subject to the provisions of that Act applicable to the proceeds from the sale of land or land scrip.’’ EXCHANGE OF LAND IN MISSOURI Pub. L. 85–282, Sept. 4, 1957, 71 Stat. 607, provided: ‘‘That, notwithstanding the provisions of the Act enti- tled ‘An Act donating public lands to the several States and Territories which may provide colleges for the ben- efit of agriculture and the mechanic arts’, approved July 2, 1862 (7 U.S.C. secs. 301–308), the State of Mis- souri is authorized to convey to the United States all right, title, and interest of such State in and to any land granted to such State under authority of such Act of July 2, 1862, which is located within the exterior boundaries of the national forests situated within such State, and, in exchange therefor, the Secretary of Agri- culture is authorized to convey to the State of Missouri all right, title, and interest of the United States in and to not to exceed an equal value of national forest lands (as determined by the Secretary) situated within such State. ‘‘SEC. 2. Any exchange authorized by the first section of this Act shall be made in accordance with the appli- cable provisions of section 7 of the Act of March 1, 1911, commonly referred to as the Weeks Law (16 U.S.C., sec. 516), and the applicable provisions of the Act entitled ‘An Act to consolidate national forest lands’, approved March 20, 1922 (16 U.S.C., secs. 485 and 486). ‘‘SEC. 3. Any land conveyed to the State of Missouri under authority of this Act shall, upon acceptance of such conveyance by such State, be held and considered to be granted to such State subject to the provisions of the Act of July 2, 1862, referred to in the first section of this Act.’’ COOPERATION IN PLACEMENT OF DOMESTIC FARM LABOR Act Apr. 28, 1947, ch. 43, § 2(b), 61 Stat. 55, provided that: ‘‘The Secretary of Agriculture and the Secretary of Labor shall take such action as may be necessary to assure maximum cooperation between the agricultural extension services of the land-grant colleges and the State public employment agencies in the recruitment and placement of domestic farm labor and in the keep- Page 369 TITLE 7—AGRICULTURE § 305 ing of such records and information with respect there- to as may be necessary for the proper and efficient ad- ministration of the State unemployment compensation laws and of title V of the Servicemen’s Readjustment Act of 1944, as amended (58 Stat. 295).’’ GRANTS NOT TO EXTEND TO ALASKA Land grant under Alaska Statehood provisions as being in lieu of grant of acreage under sections 301 to 305, 307, 308 of this title (declared not to extend to Alas- ka), see section 6(l) of Pub. L. 85–508, set out as a note preceding section 21 of Title 48, Territories and Insular Possessions. Executive Documents ADMISSION OF ALASKA AS STATE Admission of Alaska into the Union was accom- plished Jan. 3, 1959, on issuance of Proc. No. 3269, Jan. 3, 1959, 24 F.R. 81, 73 Stat. c16, as required by sections 1 and 8(c) of Pub. L. 85–508, July 7, 1958, 72 Stat. 339, set out as notes preceding section 21 of Title 48, Territories and Insular Possessions. § 302. Method of apportionment and selection; issuance of land scrip The land aforesaid, after being surveyed, shall be apportioned to the several States in sections or subdivisions of sections, not less than one- quarter of a section; and whenever there are public lands in a State subject to sale at private entry at $1.25 per acre, the quantity to which said State shall be entitled shall be selected from such lands within the limits of such State, and the Secretary of the Interior is directed to issue to each of the States in which there is not the quantity of public lands subject to sale at private entry at $1.25 per acre, to which said State may be entitled under the provisions of this subchapter, land scrip to the amount in acres for the deficiency of its distributive share; said scrip to be sold by said States and the pro- ceeds thereof applied to the uses and purposes prescribed in said sections, and for no other use or purpose whatsoever: Provided, That in no case shall any State to which land scrip may thus be issued be allowed to locate the same within the limits of any other State, or of any Territory of the United States, but their assignees may thus locate said land scrip upon any of the unappro- priated lands of the United States subject to sale at private entry at $1.25, or less, per acre: And provided further, That not more than one million acres shall be located by such assignees in any one of the States: And provided further, That no such location shall be made before July 2, 1863. (July 2, 1862, ch. 130, § 2, 12 Stat. 503.) § 303. Management expenses paid by State All the expenses of management, superintend- ence, and taxes from date of selection of said lands, previous to their sales, and all expenses incurred in the management and disbursement of the moneys which may be received therefrom, shall be paid by the States to which they may belong, out of the treasury of said States, so that the entire proceeds of the sale of said lands shall be applied without any diminution what- ever to the purposes in sections 304, 305, 307 and 308 of this title mentioned. (July 2, 1862, ch. 130, § 3, 12 Stat. 504.) § 304. Investment of proceeds of sale of land or scrip All moneys derived from the sale of lands as provided in section 302 of this title by the States to which lands are apportioned and from the sales of land scrip provided for in said section shall be invested in bonds of the United States or of the States or some other safe bonds; or the same may be invested by the States having no State bonds, in any manner after the legisla- tures of such States shall have assented thereto and engaged that such funds shall yield a fair and reasonable rate of return, to be fixed by the State legislatures, and that the principal there- of shall forever remain unimpaired: Provided, That the moneys so invested or loaned shall constitute a perpetual fund, the capital of which shall remain forever undiminished (except so far as may be provided in section 305 of this title), and the interest of which shall be inviolably ap- propriated, by each State which may take and claim the benefit of this subchapter, to the en- dowment, support, and maintenance of at least one college where the leading object shall be, without excluding other scientific and classical studies and including military tactics, to teach such branches of learning as are related to agri- culture and the mechanic arts, in such manner as the legislatures of the States may respec- tively prescribe, in order to promote the liberal and practical education of the industrial classes in the several pursuits and professions in life. (July 2, 1862, ch. 130, § 4, 12 Stat. 504; Mar. 3, 1883, ch. 102, 22 Stat. 484; Apr. 13, 1926, ch. 130, 44 Stat. 247.) Editorial Notes AMENDMENTS 1926—Act Apr. 13, 1926, substituted ‘‘bonds’’ for ‘‘stocks’’ and ‘‘a fair and reasonable rate of return, to be fixed by the State Legislatures’’ for ‘‘not less than 5 per centum upon the amount so invested’’, before pro- viso. 1883—Act Mar. 3, 1883, inserted ‘‘or the same may be invested by the States having no State stocks, in any other manner after the legislatures of such States shall have assented thereto, and engaged that such funds shall’’ after ‘‘other safe stocks’’ and substituted ‘‘yield’’ for ‘‘yielding’’, ‘‘principal’’ for ‘‘capital’’ and ‘‘unimpaired’’ for ‘‘undiminished’’. § 305. Conditions of grant The grant of land and land scrip hereby au- thorized shall be made on the following condi- tions, to which, as well as to the provisions con- tained in said sections, the previous assent of the several States shall be signified by legisla- tive acts: First. If any portion of the fund invested, as provided by section 304 of this title, or any por- tion of the interest thereon, shall, by any action or contingency, be diminished or lost, it shall be replaced by the State to which it belongs, so that the capital of the fund shall remain forever undiminished; and the annual interest shall be regularly applied without diminution to the pur- poses mentioned in section 304 of this title, ex- cept that a sum, not exceeding 10 per centum upon the amount received by any State under the provisions of this subchapter, may be ex-