§ 59015. Audit of Scholarship Funds; Administrative Expenses.

Where the governing board of a district has established and maintains a fund for scholarships and loans, as designated by the California Community Colleges Budget and Accounting Manual, the governing board shall arrange for an annual audit of the fund in the manner prescribed in Section 84040 of the Education Code and Board of Governors regulations. All expenses in the administration of thefund, including, but not limited to, audits, operating costs, and promotion of the fund, shall be a proper charge against the funds of the district, and the annual budget of the district shall include funds for these expenses.

HISTORY

1. New section filed 3-4-91 by Board of Governors of California Community Colleges with the Secretary of State; operative 4-5-91 (Register 91, No. 23). Submitted to OAL for printing only pursuant to Education Code Section 70901.5(b).

2. Amendment filed 10-25-91; operative 11-24-91 (Register 92, No. 9).

3. Editorial correction of History 1 (Register 95, No. 29).

Note

Note: Authority cited: Sections 66700 and 70901, Education Code. Reference: Sections 70901 and 84040, Education Code.