---
kind: "section"
citation: "34 C.F.R. § 677.1"
title: "34"
number: "677.1"
heading: "Calculations."
url: "https://uscodex.org/cfr/34/677.1"
---

# §677.1. Calculations.


For the purpose of calculating allocations under [section 314(a)(2)(A)(iii)](/cfr/34/314.md?p=a-2-A-iii) of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (division M of Pub. L. 116-260, December 27, 2020), an institution that has a total endowment of less than $1,000,000, including an institution that does not have an endowment, will be treated by the Secretary as having a total endowment of $1,000,000.


## Notes

### Authority

Authority: 20 U.S.C. 1221e-3; section 314(a)(2), Pub. L. 116-260, Division M, 134 Stat. 1182, unless otherwise noted.

### Source

Source: 86 FR 21195, Apr. 22, 2021, unless otherwise noted.