Federal funds
Defined in 1 place of the United States Code.
The term “Federal funds” includes any grant made by, and any payment made under any contract with, any Federal agency to the applicable educational institution, any related organization, or any student or faculty member referred to in subclause (II).
Source
- 2026–present26 U.S.C. § 4968Internal Revenue Code · Excise tax based on investment income of private colleges and universities · for purposes of this section