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§ 31002. Ownership of Scholarship Award.

5 CA ADC § 31002Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 5. Education
Division 4.5. Scholarshare Investment Board
Chapter 2. Governor's Scholarship Programs
5 CCR § 31002
§ 31002. Ownership of Scholarship Award.
Currentness
(a) The account owner owns all scholarship awards and earnings thereon in qualified scholarship accounts until a qualified distribution is made.
(b) An award recipient's right to claim a scholarship award is not transferable to another individual. An award recipient's right to direct a distribution is not transferable to another individual.

Credits

Note: Authority cited: Sections 69981(d), 69996(d) and 69999, Education Code. Reference: Sections 69996(b) and 69996(c)(1), Education Code.
History
1. New section filed 12-1-2000 as an emergency; operative 12-1-2000 (Register 2000, No. 48). A Certificate of Compliance must be transmitted to OAL by 11-30-2001 pursuant to Education Code section 69999 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 12-1-2000 order transmitted to OAL 11-30-2001 and filed 12-21-2001 (Register 2001, No. 51).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 5, § 31002, 5 CA ADC § 31002
End of Document