California Education Code

§ 69521

EDC § 69521 Effective Aug 24, 2007Div. 5 · Title 3 · Part 42 · Ch. 2 · Art. 2.4

Statute text

(a)The Legislature finds and declares both of the following:

(1)The student loan guarantee business is not a core mission of government. Recognition of this fact led, in 1996, to the approval of the establishment of an auxiliary organization for the purpose of providing operational and administrative services for the Student Aid Commission’s participation in the Federal Family Education Loan Program.

(2)Pursuant to that authority, an auxiliary organization was established to provide, pursuant to contract, certain services to the Student Aid Commission.

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Legislative history

Added by Stats. 2007, Ch. 182, Sec. 1. Effective August 24, 2007.