California Senate Bill SB1293 Latest Draft

 BILL NUMBER: SB 1293INTRODUCED BILL TEXT INTRODUCED BY Senator Knight FEBRUARY 21, 2014 An act to amend Section 69504 of the Education Code, relating to student financial aid. LEGISLATIVE COUNSEL'S DIGEST SB 1293, as introduced, Knight. Student financial aid. Existing law establishes various student financial aid programs that are funded by the state or a public postsecondary educational institution. Existing law provides that certain provisions applicable to state-funded, need-based student grants do not regulate the awarding of scholarships that are privately funded. This bill would make a nonsubstantive change to these provisions. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 69504 of the Education Code is amended to read: 69504. The provisions of this article apply to all need-based student grants that are funded by the state or a public postsecondary educational institution.  Nothing in this   This  article  shall be construed as attempting to   does not  regulate the selection or awarding of scholarships to applicants by the state or a public postsecondary educational institution where the scholarships are funded and awarded pursuant to the terms of a private endowment, trust, or similar instrument.