5 CCR s 31002

Cal. Admin. Code tit. 5, s 31002

CALIFORNIA CODE OF REGULATIONS
TITLE 5. EDUCATION
DIVISION 4.5. SCHOLARSHARE INVESTMENT BOARD
CHAPTER 2. GOVERNOR'S SCHOLARSHIP PROGRAMS
This database is current through 02/02/07, Register 2007, No. 5
s 31002. Ownership of Scholarship Award.

(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.

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be repealed by operation of law on the following day.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).

5 CCR s 31002, 5 CA ADC s 31002
1CAC

5 CA ADC s 31002

END OF DOCUMENT