SECTIONS 90160 - California Statutes

EDUCATION CODE

SECTION 90160

90160. (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.
(3) Fees and charges for services, materials, and facilities
required of persons who, at their option, use the services or
facilities, or who are provided the materials, for which the fees or
charges are made. Fees and charges so received and deposited shall be
used to meet the costs of providing those services, facilities, and
materials.
(4) Fees for student activities, as defined by the trustees, and
revenues derived from the conduct of student activities. The trustees
may administer and use the fees and revenues to support the student
activities.
(b) Notwithstanding Section 13340 of the Government Code, funds
deposited and maintained under this section are continuously
appropriated, without regard to fiscal years, to the trustees for the
support of the academy as may be determined by the trustees
consistent with the terms and conditions of any agreement under which
the funds were received. The funds so deposited and maintained may
be invested by the chief fiscal officer of the academy, or by the
State Treasurer, as appropriate, upon approval of the trustees,
consistent with this section and the terms and conditions of any
agreement under which the funds were received.