Sec. 7. (a) Each matching grant from the fund is intended to be used to supplement, and may not be used instead of, a distinguished teacher’s regular annual salary.

     (b) The council may not approve a matching grant from the fund that exceeds income generated from the endowment of the institution.

[Pre-2007 Higher Education Recodification Citation: 20-12-69-12.]

As added by P.L.2-2007, SEC.279.