5 CCR s 31004

Cal. Admin. Code tit. 5, s 31004

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 31004. Distribution of Award.

(a) To request distribution of funds, an award recipient shall submit a
written request that provides the following information:

(1) the award recipient's name as it appears on the annual account
statement;

(2) the award recipient's account number;

(3) the award recipient's Social Security number or taxpayer
identification number;

(4) the award recipient's mailing address;

(5) the name and address of the eligible educational institution;

(6) the academic year for which the distribution is intended;

(7) the amount of qualified higher education expenses to be paid
out by the distribution;

(b) The Scholarshare Investment Board or its designee may require
additional documentation prior to the distribution of funds.

(c) A separate written request must be submitted for each distribution.

(d) Distributions shall be made only to eligible educational institutions.

(e) Award recipients shall provide a certification that the distribution
shall be used for qualified higher education expenses, that no other
request has been submitted previously for payment of the referenced
qualified higher education expenses and that any portion of the
distribution that is refunded to the award recipient and not used for
qualified higher education expenses shall be returned to the Scholarshare
Investment Board's designee in the tax year in which the refund was
received by the award recipient.

(f) Written requests for distributions shall be processed by the
Scholarshare Investment Board's designee within thirty (30) days of
receipt of the request or within thirty (30) days of receipt of additional
documentation requested by the Scholarshare Investment Board or its
designee.

Note: Authority cited: Sections 69981(d), 69996(d) and 69999,
Education Code. Reference: Section 69996(a), Education Code; and
Sections 529 and 117(b), Internal Revenue 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be repealed by operation of law on the following day.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, including amendment of
section, transmitted to OAL 11-30-2001 and filed 12-21-2001 (Register
2001,
No. 51).

3. Amendment of subsection (e) filed 12-27-2001 as an emergency; operative
1-1-
2002 (Register 2001, No. 52). Pursuant to Education Code section 69999, a
Certificate of Compliance must be transmitted to OAL by 1-1-2003 or
emergency
language will be repealed by operation of law on the following day.

4. Editorial correction ofHistory3 (Register 2002, No. 21).

5. Editorial correction of subsection (e) (Register 2003, No. 5).

6. Certificate of Compliance as to 12-27-2001 order transmitted to OAL
12-18-
2002 and filed 1-29-2003 (Register 2003, No. 5).

5 CCR s 31004, 5 CA ADC s 31004
1CAC

5 CA ADC s 31004

END OF DOCUMENT