TITLE 2. ELEMENTARY AND SECONDARY EDUCATION 33000-65001›DIVISION 3. LOCAL ADMINISTRATION 35000-45500›PART 21. LOCAL EDUCATIONAL AGENCIES 35000-35787›CHAPTER 2. Governing Boards 35100-35401›ARTICLE 12. Scholarship and Loan Funds 35310-35319
§ 35314
California Education Code · 2026-09 edition · updated 2026-10-03 · California
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.
(Amended by Stats. 1992, Ch. 115, Sec. 1. Effective January 1, 1993.)
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