ARTICLE 12. Scholarship and Loan Funds [35310. - 35319.]

Article 12 enacted by Stats. 1976, Ch. 1010.

§§ 35310–35319 · 10 sections

• § 35310 The governing board of any school district may establish and maintain a scholarship and loan fund, to be administered by a committee composed of the members of…
• § 35311 The superintendent of school district shall be the chairman of the committee and shall be the chief executive officer of the fund.
• § 35312 The committee shall meet at least once each fiscal year and at such other times as it may be called into session by the chairman.
• § 35313 The committee may accept on behalf of, and in the name of, the fund, such gifts, donations, bequests, and devises as are made for the purposes of the fund.…
• § 35314 Money in the fund shall be deposited in a bank or other institution whose accounts are federally insured, and any money so deposited shall be in an account or…
• § 35315 All money in the fund shall be available for making interest-free loans for educational advancement, for scholarship, or for grants-in-aid to eligible persons.…
• § 35316 An applicant for a loan from the fund shall make application therefor in accordance with reasonable rules and regulations established by the governing board of…
• § 35317 All expenses in the administration of the fund including, but not limited to, operating costs, audits, promotion of the fund, and physical housing for the…
• § 35318 The governing board of the school district shall arrange for an annual audit of the fund in the same manner as prescribed in Section 41020.
• § 35319 The chief executive officer of the fund shall make periodic reports, but not less frequently than annually, to the governing board of the school district with…