Section 69969 - Allocation of funds based on their share of students receiving a federal Pell Grant in the most recent prior fiscal year(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.(d)(1) Funds appropriated in the annual Budget Act or another statute for purposes of the program shall be available for encumbrance and expenditure until June 30, 2031.(2)(A) For the 2021-22 fiscal year, participating campuses of a participating public postsecondary educational institution are expected to collaborate with local employers to identify learning-aligned employment positions pursuant to section 69958.(B) Commencing no later than the 2022-23 fiscal year, participating campuses of a participating public postsecondary educational institution are expected to enable participating eligible students to access available learning-aligned employment opportunities identified pursuant to the requirements of this article.Amended by Stats 2022 ch 54 (AB 183),s 19, eff. 6/30/2022.Added by Stats 2021 ch 144 (AB 132),s 49, eff. 7/27/2021.Repealed by Stats 2021 ch 144 (AB 132),s 48, eff. 7/27/2021.Added by Stats. 1990, Ch. 1699, Sec. 7.