2007 California Education Code Chapter 4. California Community Colleges Business Resource Assistance And Innovation Network Trust Fund

CA Codes (edc:88525)

88525.  The California Community Colleges Business Resource
Assistance and Innovation Network Trust Fund is hereby established in
the State Treasury as a special fund administered by the board of
governors.  The board of governors may solicit direct contributions
for deposit in the fund from various nonstate public and private
sources for the purpose of funding the California Community Colleges
Economic and Workforce Development Program.  Special funds in the
trust shall be placed in a surplus money investment account to earn
interest.  Interest generated by funds deposited in this trust fund
shall be reinvested in the fund, and may only be used to fund
eligible projects and activities of the economic and workforce
development program and related board of governors initiatives.  Upon
appropriation by the Legislature, the fund may be expended for
purposes of administering grants and contracts for providing
services, through the program, to public and private entities.