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Education Code - EDC - EDC § 69986
Education Code - EDC - EDC § 69986
For all purposes of California law, all of the following apply: (a) The participant shall retain ownership of all contributions made under any participation agreement up to the date of utilization for payment of higher education costs for the beneficiary, and all interest derived
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Education Code - EDC - EDC § 69989
Education Code - EDC - EDC § 69989
(a) The board shall submit an annual audited financial report, prepared in accordance with generally accepted accounting principles, on the operations of the Scholarshare trust by October 31 to the Governor, the Controller, the State Auditor, and the Legislature. The annual audit
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Education Code - EDC - EDC § 69990
Education Code - EDC - EDC § 69990
(a) The board shall provide an annual listing of distributions to individuals with respect to an interest in a participation agreement to the Franchise Tax Board at a time and in a manner and form as specified by the Franchise Tax Board. The taxpayers’ identification numbers obta
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Education Code - EDC - EDC § 69991
Education Code - EDC - EDC § 69991
The assets of the trust, including the program fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the trust and shall be held in trust for the participants and beneficiaries and no property rights therein shall exist in favor of the
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Education Code - EDC - EDC § 69992
Education Code - EDC - EDC § 69992
The board shall aggressively market this program to the citizens of the State of California. The board shall include in its marketing efforts information designed to educate citizens about the benefits of saving for higher education and information to help them decide the level o
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Education Code - EDC - EDC § 69993
Education Code - EDC - EDC § 69993
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. Nec
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Education Code - EDC - EDC § 69993.5
Education Code - EDC - EDC § 69993.5
The board may adopt regulations for the purposes of this chapter as emergency regulations in accordance with the rulemaking provisions of the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code). For
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Education Code - EDC - EDC § 69993.7
Education Code - EDC - EDC § 69993.7
No public funds nor any funds available pursuant to this article may be expended to pay for, nor shall the board enter into any agreement that provides for, the appearance of any elected official or declared candidate for public office in any paid advertisement promoting the act.
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Education Code - EDC - EDC § 69994
Education Code - EDC - EDC § 69994
This act shall be construed liberally in order to effectuate its legislative intent. The purposes of this act and all of its provisions with respect to powers granted shall be broadly interpreted to effectuate that intent and purposes and not as to any limitation of powers.
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Education Code - EDC - EDC § 69996
Education Code - EDC - EDC § 69996
This article shall be known, and may be cited, as the California Kids Investment and Development Savings Program or KIDS Program.
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Education Code - EDC - EDC § 69996.1
Education Code - EDC - EDC § 69996.1
The California Kids Investment and Development Savings Program is hereby established. The board shall administer the program for the purposes of expanding access to higher education through savings.
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Education Code - EDC - EDC § 69996.2
Education Code - EDC - EDC § 69996.2
For purposes of this article, unless the context requires otherwise, the following definitions apply: (a) “Account” means a Scholarshare 529 account established pursuant to this article under Article 19 (commencing with Section 69980), or other child savings plan where applicable
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Education Code - EDC - EDC § 69996.3
Education Code - EDC - EDC § 69996.3
(a) (1) Each child born on or after a date determined by the board pursuant to paragraph (2) who is a California resident at the time of birth is eligible for the program. (2) The date designated by the board for which eligibility commences shall be no later than July 1, 2022. (b
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Education Code - EDC - EDC § 69996.4
Education Code - EDC - EDC § 69996.4
The board shall have the power and authority to do all of the following: (a) Sue and be sued. (b) Make and enter into contracts necessary for the implementation and administration of the program. (c) Cause moneys in the fund to be held and invested and reinvested. (d) Enter into
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Education Code - EDC - EDC § 69996.5
Education Code - EDC - EDC § 69996.5
The board may consider marketing the program to California residents. The board may include in its marketing efforts information designed to educate California residents about the benefits of saving for higher education and information to help them decide the combination of savin
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Education Code - EDC - EDC § 69996.6
Education Code - EDC - EDC § 69996.6
(a) The California Kids Investment and Development Savings Program Fund is hereby established in the State Treasury. Notwithstanding Section 13340 of the Government Code, except for moneys derived from the federal American Rescue Plan Act, moneys in the fund shall be continuously
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Education Code - EDC - EDC § 69996.7
Education Code - EDC - EDC § 69996.7
(a) Funds appropriated pursuant to Schedule 1 of Item 0954-162-8506 of Section 2.00 of the Budget Act of 2021 shall be used to support program enhanced deposits and to establish KIDS Accounts for eligible children who do not already have a KIDS Account established. For the 2021–2
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Education Code - EDC - EDC § 69996.8
Education Code - EDC - EDC § 69996.8
(a) The board may establish rules and regulations to ensure that money in a KIDS Account established pursuant to this article is disbursed directly to the institution of higher education indicated on the award recipient’s claim form. These rules and regulations, if established, s
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Education Code - EDC - EDC § 69996.9
Education Code - EDC - EDC § 69996.9
(a) (1) For the 2021–22 fiscal year, through the program, all of the following shall occur: (A) Each pupil enrolled in grades 1 to 12, inclusive, on the State Department of Education’s official census day in the 2021–22 fiscal year who meets the requirements to be considered an u
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Education Code - EDC - EDC § 69999.10
Education Code - EDC - EDC § 69999.10
This article shall be known, and may be cited, as the California Military Department GI Bill.
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Education Code - EDC - EDC § 69999.12
Education Code - EDC - EDC § 69999.12
There is hereby established the California Military Department GI Bill Award Program.
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Education Code - EDC - EDC § 69999.14
Education Code - EDC - EDC § 69999.14
The Legislature finds and declares all of the following: (a) The California Military Department exists to provide a military organization in California with the capability to protect the lives and property of the people of the state during periods of natural disaster and civil di
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Education Code - EDC - EDC § 69999.16
Education Code - EDC - EDC § 69999.16
(a) Commencing January 1 of the 2009–10 academic year, and each academic year thereafter, any qualifying member of the California National Guard, the State Guard, or the Naval Militia may apply for an award under the California Military Department GI Bill. (b) (1) A qualifying me
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Education Code - EDC - EDC § 69999.18
Education Code - EDC - EDC § 69999.18
(a) The Student Aid Commission is responsible for issuing awards authorized by Section 69999.16, upon receipt of a certificate from the Adjutant General verifying that the applicant meets the eligibility requirements of this article. The commission shall provide any information t
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Education Code - EDC - EDC § 69999.20
Education Code - EDC - EDC § 69999.20
Qualifying members shall not receive both a California Military Department GI Bill award and any Cal Grant award for the same academic year. A qualifying member under this article who is also eligible for a Cal Grant award may elect between an award under this article and any Cal