SECTIONS 35310-35319 - California Statutes

EDUCATION CODE

SECTION 35310-35319

35310. The governing board of any school district may establish and
maintain a scholarship and loan fund, to be administered by a
committee composed of the members of the governing board of the
school district, the school district superintendent, and such other
community, faculty, administrative, and student representatives as
the governing board shall determine.
The governing board shall, by rules and regulations, determine the
terms of office and the method of selection of such community,
faculty, administrative, and student representatives.

35311. The superintendent of school district shall be the chairman
of the committee and shall be the chief executive officer of the
fund.

35312. The committee shall meet at least once each fiscal year and
at such other times as it may be called into session by the chairman.

35313. The committee may accept on behalf of, and in the name of,
the fund, such gifts, donations, bequests, and devises as are made
for the purposes of the fund. Such gifts, donations, bequests, and
devises may be made subject to such conditions or restrictions as the
committee may prescribe.
Any donor to the fund may impose conditions to his gift, donation,
bequest, or devise. The committee shall review all such conditions
and make a recommendation to the governing board as to the
compatibility of such conditions with the intent and purpose of the
fund. The governing board shall have the authority to prohibit the
committee from accepting any proposed donation to the fund if
conditions with respect to the gift, donation, bequest, or devise are
incompatible with the intent and purpose of the fund, as determined
by the governing board.
Except as provided in this section, in no event shall the approval
of any state agency be a prerequisite to acceptance by the committee
of any gift, donation, bequest, or devise.

35314. Money in the fund shall be deposited in a bank or other
institution whose accounts are federally insured, and any money so
deposited shall be in an account or accounts fully covered by that
insurance.
The committee shall establish and maintain procedures to identify
clearly all money in the fund and its separate and distinct impressed
trusts, if any, and from whom and to whom the money was received and
disbursed.

35315. 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.

35316. An applicant for a loan from the fund shall make application
therefor in accordance with reasonable rules and regulations
established by the governing board of the school district, provided
that the rules and regulations shall not include any conditions
limiting eligibility on account of the characteristics listed in
Section 220.

35317. All expenses in the administration of the fund including,
but not limited to, operating costs, audits, promotion of the fund,
and physical housing for the committee, shall be a proper charge
against the funds of the school district and the annual budget of the
school districts shall include funds for such expenses.

35318. The governing board of the school district shall arrange for
an annual audit of the fund in the same manner as prescribed in
Section 41020.

35319. The chief executive officer of the fund shall make periodic
reports, but not less frequently than annually, to the governing
board of the school district with respect to the status and activity
of the fund.