California Education Code

§ 90160

EDC § 90160 Effective Jan 1, 1994Div. 8 · Title 3 · Part 55 · Ch. 9 · Art. 6

Statute text

(a)Notwithstanding any other provision of law, the chief fiscal officer of the academy shall deposit into and maintain in local trust accounts, or in other California State University trust accounts or in the California Maritime Academy Trust Fund, which is hereby continued in existence in the State Treasury, funds received in connection with the following sources or purposes:

(1)Advance payment for anticipated expenditures or encumbrances in connection with federal grants or contracts.

(2)Miscellaneous receipts in the nature of deposits and subject to return upon approval of a proper application.

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Legislative history

Added by Stats. 1993, Ch. 1298, Sec. 4. Effective January 1, 1994. Operative July 1, 1995, by Sec. 1.5 of Ch. 1298.