Cal. Code Regs. tit. 5 § 56682

Current through Register 2024 Notice Reg. No. 42, October 18, 2024

Section 56682 - Criteria for Funding

(a) Loans shall be awarded in accordance with the same criteria, standards and processes which are applicable to grants.

(b) Loan funds authorized by this article are subject to the same constraints applicable to grant funds pursuant to section 56676(d), except that loan funds may be used to purchase equipment.

(c) The Chancellor shall develop an accounting system and a repayment schedule for loan funds.

Cal. Code Regs. Tit. 5, § 56682

1. Amendment of subsection (c) filed 11-15-79; effective thirtieth day thereafter (Register 79, No. 46).
2. Amendment of NOTE filed 4-27-83; effective thirtieth day thereafter (Register 83, No. 18).
3. Amendment of subsections (b) and (c) filed 7-22-91 and submitted to OAL on 7-25-91 for printing only pursuant to Education Code section 70901.5; operative 8-21-91 (Register 91, No. 48).

Note: Authority cited: Sections 66700, 70901(b) and (c), Education Code. Reference: Section 84381, Education Code.

1. Amendment of subsection (c) filed 11-15-79; effective thirtieth day thereafter (Register 79, No. 46).
2. Amendment of NOTE filed 4-27-83; effective thirtieth day thereafter (Register 83, No. 18).
3. Amendment of subsections (b) and (c) filed 7-22-91 and submitted to OAL on 7-25-91 for printing only pursuant to Education Code section 70901.5; operative 8-21-91 (Register 91, No. 48).