California Education Code

§ 69521.4

EDC § 69521.4 Effective Sep 30, 2008Div. 5 · Title 3 · Part 42 · Ch. 2 · Art. 2.4

Statute text

(a)If, after seeking the advice of, and in active participation with, the Treasurer, the Director of Finance determines that an alternative arrangement to the sale of the state student loan guarantee program assets and liabilities may be financially beneficial to the state, the Director of Finance is also hereby authorized to enter into an arrangement other than that authorized in Section 69521.3, for the purpose of maximizing the value of the state student loan guarantee program assets and liabilities. This arrangement may take any form the director, in consultation with the Treasurer, deems advisable to provide the best combination of each of the following:

(1)The greatest value to the General Fund.

(2)The greatest financial security for achieving value to the General Fund.

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Legislative history

Amended by Stats. 2008, Ch. 757, Sec. 25. Effective September 30, 2008.