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TITLE 3. POSTSECONDARY EDUCATION 66000-101060›DIVISION 5. GENERAL PROVISIONS 66000-70110›PART 42. STUDENT FINANCIAL AID PROGRAM 69400-70110›CHAPTER 2. Student Financial Aid Programs 69500-70039›ARTICLE 19. Golden State Scholarshare Trust Act 69980-69994

§ 69993

California Education Code · 2018-11 edition · updated 2026-10-04 · California

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.

(Amended by Stats. 2005, Ch. 318, Sec. 10. Effective January 1, 2006.)

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California Education Code

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