2016 North Dakota Code 15-10-49 – Advancement of academics – Matching grants – Two-year and four-year institutions of higher education
1. a. During the period beginning July 1, 2015, and ending December 31, 2016, the state board of higher education shall award one dollar in matching grants for every two dollars raised by the institutional foundations of Bismarck state college, Dakota college at Bottineau, Dickinson state university, Lake Region state college, Mayville state university, Minot state university, North Dakota state college of science, Valley City state university, and Williston state college for projects dedicated exclusively to the advancement of academics.
b. To be eligible for a matching grant, an institution must demonstrate that:
(1) Its foundation has raised at least twenty-five thousand dollars in cash or monetary pledges for a qualifying project; and
(2) The project has been approved by the grant review committee established in section 15-10-51.
c. The board may award up to one million dollars in matching grants to each institution.
2. a. If any available dollars have not been awarded by the board before January 1, 2017, in accordance with subsection 1, any institution listed in subsection 1 may apply for an additional matching grant.
b. An application submitted under this subsection must meet the same criteria as an original application.
c. The board shall consider each application submitted under this subsection in chronological order.
d. If the remaining dollars are insufficient to provide a matching grant in the amount of one dollar for every two dollars raised by the institutional foundation, the board shall award a lesser amount.
3. a. The board may award an additional five hundred thousand dollars in matching grants to institutions that have been awarded one million dollars in matching grants under subsection 1 and apply for an additional matching grant.
b. An application submitted under this subsection must meet the same criteria as an original application.
c. The board shall consider each application submitted under this subsection in chronological order.
d. If the funding provided under this subsection is insufficient to provide a matching grant in the amount of one dollar for every two dollars raised by the institutional foundation, the board shall award a lesser amount.
4. The state board of higher education shall retain up to one-quarter of one percent of any grant awarded under this section to assist with administrative expenses incurred in the grant review process.