California Education Code 70011 – (a) The board may enter into agreements with participants or …
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(a) The board may enter into agreements with participants or with persons entitled to act on behalf of participants.
(b) An agreement shall specify that any moneys remaining in an account after the 30th birthday of the participant, or not later than July 1, 2026, whichever occurs last, shall revert to the Antiterrorism Fund established under paragraph (1) of subdivision (c) of § 5066 of the Vehicle Code. The agreements may also include, but need not be limited to, the terms and subject matter set forth in Section 69983.
Terms Used In California Education Code 70011
- Board: means the Scholarshare Investment Board established pursuant to Section 69984. See California Education Code 70010.1
- Fund: means the California Memorial Scholarship Fund established pursuant to §. See California Education Code 70010.1
- Participant: means a surviving dependent of a California resident killed as a result of injuries sustained during the terrorist attacks of September 11, 2001, who has executed, or on whose behalf has been executed, an agreement pursuant to Section 70011. See California Education Code 70010.1
(Amended by Stats. 2014, Ch. 242, Sec. 2. (SB 384) Effective August 22, 2014.)