SECTIONS 99040 - California Statutes

EDUCATION CODE

SECTION 99040

99040. (a) The Regents of the University of California are urged
to, and the Trustees of the California State University and the Board
of Governors of the California Community Colleges shall, perform the
following functions:
(1) Annually direct each campus to disclose all exclusive
arrangements, excluding proprietary information, with banks or other
commercial entities to engage in on-campus marketing of credit cards
to students through solicitation activities in public campus areas,
hereafter referred to as "tabling" activities.
(2) Prohibit banks and other commercial entities, including their
third-party representatives, during on-campus tabling activities from
offering gifts to students for filling out student credit card
applications. Banks and other commercial entities, including their
third-party representatives, may rely on the self-identification of
students for purposes of complying with this paragraph.
(b) The Regents of the University of California are urged to
revise the University of California Policy on the On-Campus Marketing
of Credit Cards to Students (July 28, 2004) by removing the
exemptions in Section VIII of the policy as it relates to all future
contractual agreements with any bank or other commercial entity that
provides banking and other financial services to the campus
community.