California Education Code

§ 69521.5

EDC § 69521.5 Effective Sep 30, 2008Div. 5 · Title 3 · Part 42 · Ch. 2 · Art. 2.4

Statute text

(a)The Director of Finance is authorized to take all actions that he or she deems to be necessary or convenient to accomplish any of the following:

(1)To preserve the state student loan guarantee program assets, pending consummation of their sale or the consummation of any other transaction, to maximize the value of the state student loan guarantee program to the state, including, without limitation, as authorized in Sections 69522, 69526, and 69766.

(2)To engage in negotiations with, and provide sufficient information regarding the state student loan guarantee assets and liabilities to, potential purchasers or any potential transferee guaranty program operator.

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Legislative history

Amended by Stats. 2008, Ch. 757, Sec. 26. Effective September 30, 2008.