Statute · California Education Code

Cal. Educ. Code § 35314 — Scholarship and Loan Funds

Cal. Educ. Code § 35314

Type
Statute
Source
California Education Code
Jurisdiction
California
Date
1993-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

Money in the fund shall be deposited in a bank or other institution whose accounts are federally insured, and any money so deposited shall be in an account or accounts fully covered by that insurance.

Citator

Cal. Educ. Code § 35314 — Scholarship and Loan Funds is in force in the current edition of the Code, and nothing recorded condemns it.

Money in the fund shall be deposited in a bank or other institution whose accounts are federally insured, and any money so deposited shall be in an account or accounts fully covered by that insurance.

The committee shall establish and maintain procedures to identify clearly all money in the fund and its separate and distinct impressed trusts, if any, and from whom and to whom the money was received and disbursed.