§ 35315
88 words·~1 min read·
/ca/education-code/35315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. An eligible person for such loans shall be any of the following:
(a)A bona fide organization of a school under the jurisdiction of the governing board of the school district.
(b)An enrollee at a school under the jurisdiction of the governing board of the school district.
(c)A graduate of a school under the jurisdiction of the governing board of the school district.