§ 69962

A participating institution shall do both of the following:

(a) Develop partnerships with employers willing to contribute resources toward a percentage share of student compensation to be paid by the employer and by the program, respectively.

(1) (A) For learning-aligned employment positions with public educational institutions or nonprofit corporations, the program shall provide no more than 90 percent of the student’s compensation.

(B) Notwithstanding subparagraph (A), if the direct employer is the University of California, the California State University, the California Community Colleges, or one of its respective campuses, the program may provide 100 percent of the student’s compensation.

(2) For learning-aligned employment positions with for-profit employers, the program shall provide no more than 50 percent of the student’s compensation.

(b) For each learning-aligned employment position, maintain all necessary records, including, but not limited to, need analysis documents, employer agreements, financial aid award documents, time sheets, and records of payments provided to the student.

(Amended by Stats. 2021, Ch. 144, Sec. 41. (AB 132) Effective July 27, 2021.)