California Government Code

§ 99102

GOV § 99102 Effective Mar 13, 2018Title 19

Statute text

(a)There is hereby established the Every Kid Counts (EKC) College Savings Program.

(b)The Student Aid Commission shall implement and administer a grant program that supports local governments and other entities that sponsor one or more comprehensive citywide or regional children’s savings account programs to help families, especially low-income families with young children, establish and maintain college savings accounts.

(c)The commission shall distribute grants to qualifying entities determined pursuant to subdivision (d) based on how many of these entities are eligible to receive grants pursuant to subdivision (d), the amount of available funding to award grants under the Every Kid Counts (EKC) College Savings Program, the number of students that each participating entity intends to serve under the program, and the percentage of low-income families residing in the community served by each participating entity. The amount of each grant award to a participating entity shall be, at minimum, one hundred thousand dollars ($100,000).

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Legislative history

Amended by Stats. 2018, Ch. 7, Sec. 27. (AB 108) Effective March 13, 2018.