California Education Code

§ 69990

EDC § 69990 Effective Jan 1, 2006Div. 5 · Title 3 · Part 42 · Ch. 2 · Art. 19

Statute text

(a)The board shall provide an annual listing of distributions to individuals with respect to an interest in a participation agreement to the Franchise Tax Board at a time and in a manner and form as specified by the Franchise Tax Board. The taxpayers’ identification numbers obtained through the participation agreement process shall be used exclusively for state and federal tax administration purposes.

(b)The board shall make a report to the appropriate individual of any distribution to any individual with respect to an interest in a participation agreement, at a time and in a form and manner as required by the Franchise Tax Board.

(c)The board also shall report annually to each participant or beneficiary all of the following:

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Legislative history

Amended by Stats. 2005, Ch. 318, Sec. 8. Effective January 1, 2006.