Education Code § 69991

ARTICLE 19. Golden State Scholarshare Trust Act

Current as of September 28, 2026Ed. Code, § 69991Official source ↗Ask about this

Added by Stats. 1997, Ch. 851, Sec. 2. Effective January 1, 1998.

The assets of the trust, including the program fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the trust and shall be held in trust for the participants and beneficiaries and no property rights therein shall exist in favor of the state. The assets shall not be transferred or used by the State of California for any purposes other than the purposes of the trust.