| Issue Date: | |
|---|---|
| Revised Date: | 2020-03-30 |
Legal Cites
- Education Code sec. 54.5021
Object Type
Cash — Other Revenue
Origin Date
September 1, 1993
Description
Not later than August 31 of each fiscal year, each institution of higher education having an unobligated, unexpended balance in is local student deposit fund exceeding 150% of total deposits to that fund during the year, shall remit the excess to the Higher Education Coordinating Board for equitable allocations to institutions with no excess. Funds are only to be used to make scholarship awards.
Due Date
At time of receipt
Collecting Agencies
Deposit Funds
Note
USAS Values
| Appropriation Year | 20 |
|---|---|
| USAS Title | LOCAL ACCT BALANCES INTO TREAS |
| Receipt Category | 14 – Other |
| Receipt Type | 90 – Other Receipts |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 05 – OTHER REVENUE |