TeachMeFinance.com - explain Formula funds
Formula funds The term 'Formula funds ' as it applies to the area of agriculture can be defined as ' Federal dollars distributed to the land grant colleges of agriculture through formulas found in the Hatch Act, the Smith-Lever Act, the McIntire-Stennis Act, and the Evans-Allen Act for (1) agricultural research at the state agricultural experiment stations, (2) extension programs and (3) forestry research at the land grant colleges of agriculture, and (4) research at the 1890 institutions, respectively'.
About the author
Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.