California Statutes
§ 69993. — 69993. (Amended by Stats. 2005, Ch. 318, Sec. 10.)
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
Funding for startup and first-year administrative costs shall be appropriated from the General Fund in the annual Budget Act. The board shall repay, within five years, the amount appropriated, plus interest calculated at the rate earned by the Pooled Money Investment Account. Necessary administrative costs in future years shall be paid out of the administrative fund.
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California § 69993. (69993. (Amended by Stats. 2005, Ch. 318, Sec. 10.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2005, Ch. 318, Sec. 10. Effective January 1, 2006.