Section 12035 Of Article 4. Elementary And Secondary Education Act Of 1965 And National Defense Education Act Of 1958 From California Education Code >> Division 1. >> Title 1. >> Part 8. >> Chapter 1. >> Article 4.
12035
. The president or the administrative head of each community
college and the State Nautical School may establish and administer
student loan funds pursuant to the act of Congress known as the
"National Defense Education Act of 1958. " Money allocated for the
purpose of establishing a student loan fund at the State Nautical
School may be withdrawn from the State Treasury and deposited to the
credit of that institution in a trust account in accordance with the
provisions of Government Code Sections 16305 to 16305.7 for the
purpose of making loans to students in accordance with the federal
act.