Cal. Ed. Code § 94925

Current through the 2023 Legislative Session.
Section 94925 - [Effective until 1/1/2027] Fund limit
(a) The amount in the Student Tuition Recovery Fund shall not exceed twenty-five million dollars ($25,000,000) at any time.
(b) If the bureau has temporarily stopped collecting the Student Tuition Recovery Fund assessments because the fund has approached the twenty-five-million dollar ($25,000,000) limit in subdivision (a), the bureau shall resume collecting Student Tuition Recovery Fund assessments when the fund falls below twenty million dollars ($20,000,000).
(c) An otherwise eligible student who enrolled during a period when institutions were not required to collect Student Tuition Recovery Fund assessments is eligible for Student Tuition Recovery Fund payments despite not having paid any Student Tuition Recovery Fund assessment.

Ca. Educ. Code § 94925

Amended by Stats 2016 ch 86 (SB 1171),s 80, eff. 1/1/2017.
Amended by Stats 2014 ch 840 (SB 1247),s 30, eff. 1/1/2015.
Added by Stats 2009 ch 310 (AB 48),s 6, eff. 1/1/2010.