Statute · California Education Code
Cal. Educ. Code § 69993 — Golden State Scholarshare Trust Act
Cal. Educ. Code § 69993
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Date
- 2006-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Educ. Code § 69993 — Golden State Scholarshare Trust Act is in force in the current edition of the Code, and nothing recorded condemns it.
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.