California Statutes
§ 69991. — 69991. (Added by Stats. 1997, Ch. 851, Sec. 2.)
California·Code EDC Education Code - EDC·Div. 5.·Title 3. DIVISION 5. GENERAL PROVISIONS·Part 42. PART 42. STUDENT FINANCIAL AID PROGRAM·Ch. 2. CHAPTER 2. Student Financial Aid Programs·Art. 19. ARTICLE 19. Golden State Scholarshare Trust Act
The assets of the trust, including the program fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the trust and shall be held in trust for the participants and beneficiaries and no property rights therein shall exist in favor of the state. The assets shall not be transferred or used by the State of California for any purposes other than the purposes of the trust.
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California § 69991. (69991. (Added by Stats. 1997, Ch. 851, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1997, Ch. 851, Sec. 2. Effective January 1, 1998.