Ca_Law

statute | California

Education Code - EDC - EDC § 69521.8

  • UIDca_leginfo_codes:edc-69521-8
  • CitationEducation Code - EDC - EDC § 69521.8
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) The Director of Finance shall deposit all proceeds of any sale of, or any funds achieved through any other arrangement to maximize the value of, the state student loan guarantee program assets and liabilities under this article, net of any costs related to that transaction, i

Text

(a)
The Director of Finance shall deposit all proceeds of any sale of, or any funds achieved through any other arrangement to maximize the value of, the state student loan guarantee program assets and liabilities under this article, net of any costs related to that transaction, into the General Fund.
(b)
The proceeds of any sale of, or any funds achieved through any other arrangement to maximize the value of, the state student loan guarantee program assets and liabilities are not “proceeds of taxes” as that term is used in subdivision (c) of Section 8 of Article XIII
B of the California Constitution. The disbursement of these proceeds is not subject to the limitations imposed by that article.

Retrieval chunks

  • #1 | Education Code - EDC - EDC § 69521.8

    (a) The Director of Finance shall deposit all proceeds of any sale of, or any funds achieved through any other arrangement to maximize the value of, the state student loan guarantee program assets and liabilities under this article, net of any costs related to that transaction, into the General Fund. (b) The procee…