### Question
How does CONSTRUCTION, RECONSTRUCTION, AND RENOVATION OF ACADEMIC FACILITIES define funding?


### Answer
Under *20 U.S.C. § 1132c*, **funding** is defined as:

> any payment under this part from the Secretary to the eligible institution or its assignee in fulfillment of the insurance obligations of the Secretary pursuant to an agreement under section 1132c 2 of this title

#### Citation:
  - *20 U.S.C. § 1132c*
  - Heading: **CHAPTER 27-NATIONAL VOCATIONAL STUDENT LOAN INSURANCE > SUBCHAPTER VII-CONSTRUCTION, RECONSTRUCTION, AND RENOVATION OF ACADEMIC FACILITIES > Part B-Historically Black College and University Capital Financing**

