Cal. Education Code § 69993

California · California Education Code · Status: effective · Effective 2006-01-01

Cite this

Citation: Cal. Education Code § 69993, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/804122
Permanent ID: ys:prov:804122@1
SHA-256: c4c2ee7a62bb244912e32f3b348bf7594ee9de05f25915e4b2a841b5785fdae5

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Funding for startup and first-year administrative costs shall be appropriated from the General Fund in the annual Budget Act. The board shall repay, within five years, the amount appropriated, plus interest calculated at the rate earned by the Pooled Money Investment Account. Necessary administrative costs in future years shall be paid out of the administrative fund.