California Education Code

§ 69969

EDC § 69969 Effective Jun 30, 2022Div. 5 · Title 3 · Part 42 · Ch. 2 · Art. 18

Statute text

(a)Funds appropriated in the annual Budget Act or another statute for purposes of the program shall be provided to the commission for allocation to participating public postsecondary educational institutions based on their share of students receiving a federal Pell Grant in the most recent prior fiscal year for which data is available for all program participants.

(b)A participating public postsecondary educational institution may use no more than 5 percent of the funds it receives under the program on its administrative costs of participating in the program.

(c)The commission may use up to one-half of 1 percent of the funds appropriated for purposes of this article on the costs of administering the program.

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Legislative history

Amended by Stats. 2022, Ch. 54, Sec. 19. (AB 183) Effective June 30, 2022.