California Education Code

§ 69521.3

EDC § 69521.3 Effective Sep 30, 2008Div. 5 · Title 3 · Part 42 · Ch. 2 · Art. 2.4

Statute text

(a)The Director of Finance is hereby authorized to act as agent for the state and, in that capacity, to sell the state student loan guarantee program assets and liabilities not retained by the Student Aid Commission to an entity that the director, in consultation with the Treasurer, determines will provide the best combination of each of the following:

(1)The highest price for those state student loan guarantee program assets and liabilities.

(2)The greatest security for the payment of the purchase price.

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Legislative history

Amended by Stats. 2008, Ch. 757, Sec. 24. Effective September 30, 2008.