§ 69767
62 words·~1 min read·
/ca/education-code/69767A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Treasurer shall invest, pursuant to statute, any surplus money in the Federal Student Loan Reserve Fund and the Student Loan Operating Fund. The interest or other accretions as a result of the investment of this money shall be deposited in the originating fund, and may be expended for those purposes authorized in this article or the Higher Education Act of 1965.