| Legislation | Regulations | Guidance |
Legislation
The Higher Education Act (HEA) of 1965, as amended provides the statutory authority for the issuance of bonds and the Advisory board.
The link below provides the program statute:
Regulations
Note: Pursuant to the Department’s authority in 2 CFR § 3474.5(a), the Department applies an exception to the regulatory definition of “Federal Financial Assistance” in 2 CFR § 200.1 to exempt participating institutions in HBCU Capital Financing Program from applying the domestic sourcing requirements of Section 70911 et seq. of the Infrastructure Investment and Jobs Act (P.L. 117–58).
Guidance
The program is governed by an agreement between the Department of Education and the Designated Bonding Authority (DBA).
Program Performance Plan
Program performance plans describe the goals and intended outcomes of U.S. Department of Education programs and initiatives. Annual targets and strategies, along with measures for monitoring progress, are published in performance plans prior to each fiscal year. The plans also include actual performance data showing whether targets were met in previous years.